No receipts because there were no sales. The company has stated they first will build inventory at Adelaide.
Delivery of the graphite is timed to match production from Valence Industries’ existing Uley Graphite operation. First commercial sales are expected Q1 2016, once planned inventory build is complete.
The customers are there and under contract, execution has been very poor and communication not far behind.
VXL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
