This is a classic tree shake in the absence of any material change in fundamentals.
So here we are witnessing the triggered shareholders selling their shares because management are not being fast enough with offtake agreements Synthetic over natural graphite etc price of graphite isn't favorable at the moment or that they're not confirming and delivering news on time.
And seeing everyone just freak out here, this should also be a screaming buy signal to anyone with any experience in transitioning miners and trying to time the bottom this is all an overreaction.
i don't like to see the SP down here but hey its short-term pain for long term gain I've lost nothing because I have sold nothing. My entire interest lies in my assessment of future value, not present value. Today's stock price will soon be yesterdays and so forth.
Feel sorry for anyone selling at these levels, or stop losses being triggered this is not your game. You've let your emotions get the best of you. You'll get the non-holders saying i told you so with their negative opinions. But just remember whist people are letting their emotions run wild there are people buying. Some broker trading data would be very interesting at end of week.
What is Synthetic Graphite? (Updated 2023) (investingnews.com) this provides a good overall view on Natural Graphite and Synthetic Graphite
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Mkt cap ! $254.1M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $204.2K | 2.013M |
Buyers (Bids)
No. | Vol. | Price($) |
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64 | 3310601 | 10.0¢ |
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Price($) | Vol. | No. |
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10.5¢ | 590000 | 12 |
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64 | 3310601 | 0.100 |
10 | 333948 | 0.099 |
4 | 183888 | 0.098 |
3 | 534886 | 0.097 |
4 | 321000 | 0.096 |
Price($) | Vol. | No. |
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0.105 | 590000 | 12 |
0.110 | 956038 | 16 |
0.115 | 809210 | 14 |
0.120 | 2335208 | 19 |
0.125 | 1015335 | 16 |
Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
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