Ann: Uley Graphite Grade Increases to 11.7%, page-48

VXL is eroding confidence daily by not delivering on the regulatory approval or providing us with more information about it. They just can't afford to create an information black hole around each non delivery on their own timeline and yet they persist. I've been surprised at how well the SP has kept value in the circumstances but we are surely going to see 56c very soon and downhill from there. I emailed them today asking them to advise the market of the reasons for the delay. Probably wasted my time but made me feel better.