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VXL valence industries limited

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11.5¢

I actually thought this company was a relatively safe bet for a...

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181 Posts.

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18/11/15

15:45

Post #: 16425020
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Originally posted by lifesgood ↑

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!!

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I actually thought this company was a relatively safe bet for a mining start-up. A proven resource, existing infrastructure in place and customers (allegedly) lined up to pay good money. Apparently not.

VXL Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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