Ouch... AS I have being saying, the Project has HUGE technical issues which have been down played by MM, MM does not have a technical understanding of the Vanadium Game. Has he even seen another V operation in full flight. It's just not that easy, and three top levels have left now, The Chair, The Sec, and the COO, have all left the company. That doesn’t paint a very clear picture, and it’s not easy to get the right people with a “hole” in the ship. There are issues afoot, big cash raisings or debt is needed to drag the project through. This would be a huge cash burn with no production to back it up. Where are the monthly project updates, showing how production is ramping up.... the communication is not there!
How much V was produced and how much was sold in February. This is the Question people should be asking. It’s all linked to Production. At this stage there is no information on production figures. If there was good news, it would be released in updates, so one has to assume that it’s all bad !!!
I hope for the projects sake that there is an update released with real information and good news as opposed to just window dressing updates.
Have a look at the following links: http://au.news.yahoo.com/thewest/business/a/-/wa/13067069/atlantic-boss-tries-to-keep-dream-alive/
