VXL 0.00% 11.5¢ valence industries limited

Fish, most workers have been retrenched and many would have left...

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    Fish, most workers have been retrenched and many would have left Pt Lincoln in search of mining work they have been trained for by the company (us) but will not find locally. The company is nearly out of cash. So getting the plant into full production is near impossible at this point. As you may know i believe that high COP and poor demand are the main culprits rather than management failure to get the plant fully operational, so i don't think the company is going to ramp up production - even if they could. Unless there is a major fund raising coming i wouldn't be surprised if they announce a mothballing of the plant, dismiss remaining workers and adopt a wait until market conditions improve approach. Just my opinion of course.
    Last edited by m0ngy: 14/11/15
 
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