VXL 0.00% 11.5¢ valence industries limited

VLX chart, page-25

  1. 19,587 Posts.
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    Well Gilly U can stir the pot all U like but they are off to a good start:

    "The South Australian Greens are supporting the re-opening and have said it shows mining doesn't have to be controversial.
    Greens leader Mark Parnell says it looks like the kind of project that warrants support.
    "The Greens have never been anti-mining, what we want is the right project in the right location.
    "Certainly this project looks to be very different from some of the controversial copper and iron ore projects on Eyre Peninsula and Yorke Peninsula and it looks to be ticking all the boxes so far."

    http://www.abc.net.au/news/2014-11-25/nrn-graphite-mine-open/5916746

    Apart from employment considerations the value add operation may well be locating to Port Adelaide to find an enclosed environment where issues such as dust can be much better controlled & managed.

    Also from the FS:

    "Consistent with this approach is the pursuit of ISO14001 accreditation and the substantive commitments which the company has given under the detailed Program for Environment Protection and Rehabilitation approved by the South Australian Government on 23 December 2014"

    Appears there is a fairly clear consensus as to what standards need to be met, and VXL is quite prepared to meet them. If the rules are laid out, and not shifted by brown bags & green tripe, any responsible company can build those obligations into their business plan. VXL is effectively a croweater company, really doubt they want to crap in their own nest.
 
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Currently unlisted public company.

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