More rubbish, the material they have in the ground/stockpiled is exceptional yet they can't process it consistently to the same purity/flake size as the legacy plant, necessitating further process redesign. Numerous bumbling delays meant it took 18 months to discover their plant reconfiguration was wrong.
Classic mgt failure, too much focus on "clever" stuff and nowhere near enough attention to getting the basics right first.
The asset in the ground is first class, the customers are queuing up, VXL needs a Board & Mgt that are capable of joining the dots. Not going into detail but I've made some effort to verify those thoughts.
VXL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
