@Cashbacked
With all respect I don't follow a number of points and would like to raise a few issues to see if you can clarify?
Firstly I emailed a friend to see if he could get the broker analysis on Syrah to me and I can't seem to upload it. Could you please do this to correct me but for "this month and last" Cannacord are the third largest net buyers and have bought just half the amount of Commsec and Citigroup and "this month" to date they haven't bought a single share??? Again you have said before your system provides this data so a simple post of the stats should clear that up. I'd be most privileged if you could provide that.
As an aside SYR was the only stock rated in the Cannacord report as we've discussed previously so if they are going to buy a graphite stock then logically it would be that one. As mentioned they still offer no coverage or rating on VRC at this particular point in time, in fact it remains "not rated".
The comment "based in this, our current assumptions/forecasts suggest the potential for an over supplied market as soon as 2018" well that is what their research has told them? As I've said before this is a race to production because clearly this appears to be the case on what I've read elsewhere also. So are you questioning the quality of the research? As the house broker that poses a few questions in itself if you think their data and analysis is unreliable? Also starting two years behind really doesn't help in this race to production given this supply side outlook.
@silverstreet has pointed out and I agree VRC are in their infancy IMO in relation to understanding their metallurgical results. The company has released a handful of results that have highlighted the "best results" from the very small Namangale South and yet you seem to be assuming that the flake distribution holds across the whole deposit?? This is simply not the case. that's why the Neighbour next door has the market cap it does because they have done two years of work and have a much more detailed understanding of their deposit.
This leads to EV per tonne and as i just mentioned the "good stuff" appears to be in Namangale South which is less than 30 million tonnes I think from what I've read. Imo there's a lot of work and dollars requid to understand the other 400 million plus tonnes.
As for the talk about MOU's and off takes and valuations and saying it doesn't matter well I've seen many sectors at times that have substantial comparative values at the time because of the hype that end up back to nothing. The tech boom comes to mind, the iron ore boom, even in the last 12 months anything with assets in the Fraser range went up after the Sirius discovery and now you don't even hear Fraser Range mentioned. IMO that's not a lot to base your valuation on.
Synthetic is the standard in EV's. What is used in Tesla vehicles? This forum continually goes on about EV growth driving demand, that was what I was referring to. In saying that as I've said previously Apple have moved totally to synthetic and away from natural.
I have said over and over anything looks good in a spreadsheet. Everyone is a spreadsheet warrior. Plug in what ever numbers you want to see, that's up to you.
Lastly can you provide evidence that a number of holders of another stock are now buying VRC? Reading the various forums doesn't seem to suggest that to me?
Look forward to your response
(20min delay)