I am thinking we are at least 2 months away from trading again. Would they list before the rights issue is completed? Can they re list before then? Would it be wise to?
I am thinking as long as the graphite sector remains firm, that we re list towards 15 cents. Remember at 6 cents the share price was already factoring in dilution and insiders were selling ahead of possible insolvency ,Ie; they knew FH was already in there. So with all those known negatives now gone and with the graphite space up 100% on average since March 3 and With the new positive of a Chinese cornerstone we are gong to have a decent move higher right?, albeit from a low level of course.
The result, page-65
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