Looks like you are not the only one doubting their credibility Tin, the SP is reflecting that lack of confidence as well. Presumably the new position is to help get operations on track as they are clearly having some production problems that are not being communicated to the shareholders. theoretically they should have about 1,000 tonnes of graphite to ship by now if their buyers are happy at 90% purity rather than 95%. Which should be worth somewhere between $1.5 to $2 mill depending on the discount for purity. will be interesting to see how their supply chain operates shipping/trucking that volume to Adelaide and onto their buyer(s).
VXL Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held