Ann: Parties reaffirm commitment to Chilalo joint venture, page-36

With all the Sellers lining up (more than double the buyers!?!) who would know. They surely could not have bothered to read any of the copious amounts of information on the web and released by the company that points to GPX becoming a major global strategic resource play by the Chinese Govt (PRC), to secure an alternative offshore graphite supply to replace their own.

PRC has had a major environmental clean up going on for the past few years, resulting in the closure of thousands of open pit mines - not just graphite but all resources:

China’s graphite problems signal opportunity for the West

China is Closing 1,254 Coal Mines, to end "blind expansion"

China shuts all lead, zinc mines in Hunan's Huayuan to clean up mining sector

China closing 150 gold mines

So China, the current supplier of 100% of global battery graphite, is shutting down its domestic graphite operations. Do you think this might affect global supply dynamics? Do you think PRC is just going to surrender this exclusive global supplier position? Of course not. PRC has been dealing exclusively with Graphex for over 2 years to secure the GPX resource as their alternative graphite supply. PRC has signed a terms sheet, transferred over 50% of their project cash contribution into a trust account, and is working overtime with GPX to get the final documentation done.

It's a simple story, explained ad nauseum by all the information on line. Hence my conclusion that the sellers just couldn't be bothered to read anything.

The upside is a good buying opportunity for the readers.