Unbelievable

Never before in my life have I been a witness to a more incompetent group of managers and board members as those associated with VXL. To take a company with an amazing resource and approvals etc and send it broke in the space of one year is just unfathomable. You do not wait the best part of a year to realise you can not produce graphite and then when you have blown all the money in wasted wages and plant fees you do a cap raising when the company is on its knees.

For the board not to see what was happening just goes to show they dont give a hoot, and management only want to prelong their affluent salaries. A cap raising now will pay wages for a short time and then what!!