The company has good quality assets. The vanadium price is highest ever. The uranium market is looking great. However, the share price is at year low and close to multi year lows. The management is at least partially responsible for this. The feasibility study was supposed to be completed by September. The annual report didn't even mention a date or the reasons behind the delay. The company pushed the uranium feasibility study to next year because of low uranium prices?. However, Peter Reeves' remuneration went up by 40 per cent. This is a big turn off to be honest. I hope big shareholders tackle these issues and ask why the timeline is not being followed.
Vanadis IPO, page-358
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