VXL 0.00% 11.5¢ valence industries limited

Looks like all the smoke and mirrors ran out here at some point,...

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  1. 9,111 Posts.
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    Looks like all the smoke and mirrors ran out here at some point, but I would like to get the unedited version of this tale from the Chairman. And i would be a bit careful of reading between the lines potentially leading to "blaming the consultant" type aspects. Perhaps they play a part or a large part here however management sign off on everything the company does and are responsible for the hole they have dug, perhaps they didn't take consultants views or previous experience at this mine site, or picked what they liked to report and left out a few bits.....Be a bit surprised if someone has not asked a few interesting questions around the validity of the IPO document as well given address today, also I'm still not sure if phase 1 is actually worth doing and returns any capital for phase 2. What a farce.
 
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Currently unlisted public company.

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