still hanging in @ 2nd.
vxl had a $12m CR plus an underwritten $3m SPP which taken the edge off the sp.
yesterday vxl announced a new type of graphite flake with up to 4mm flakes - that's the biggest ever discovered in the world and in some drill cores over 60% graphite. yesterday they still closed 5.5 cents off their high for the day.
the refurb plant is waiting for government approval to recommence production
vxl still on the down following cr and delayed production approval
this has impacted on major shareholder and 1.5% royalty holder ser
vxl delayed spp acceptance by 10 days to oct 31 - hopefully the production approval will come through by then
the graphite flake size vxl have discovered exceeds 4mm and is biggest in the world - this has contributed towards delays with updated jorc and BFS for phase 11
imagine what a problem this is - the graphite flake is bigger than anything known to date - what to do with it and exploit maximum value
atm would be struggling to hand onto 2nd pozi but once vxl get there're act together then plenty of upside.
ser have now acquired the worldwide licencing to monash university graphene discoveries using uley graphite
a bench scale graphene production unit is to start the 6 month build in nov - targeting daily batches of 1 - 2kg of graphene
right now is a good time to buy into these stocks - off there're highs but set to recover and push a lot higher
will be disappointed if do not finish in top 3 at end of year
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