Points to consider, page-9

I'll be amazed if the SP drops any further. This is pretty typical of CR events where the CR value of shares is taken as an indication of fair value from the company/broker involved. The overall news from VXL is very good. Large resource, funding in place, presumably subject to success of phase 1 and sales of product. If full phase 1 production is achieved in the 3rd Qtr as forecast we will be nine months behind the original schedule and at a further $10m or so cost, but at least a lot of that cost is offset against infrastructure that will be used for the phase 2 expansion. I do wonder though, looking at the current price, if there is some manipulation there by larger players who want to get more of the shortfall by spooking smaller investors away from accepting their rights offer.