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4.17% 2.5¢ metals australia ltd

MLS :Multiple Targets for "Micro" Cent., page-2506

  1. Beard_of_Zeus
    3,972 Posts.
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    25/07/18
    14:37
    Post #: 34557220
    No idea what that means.

    I had a look through some announcements from Focus Graphite, here:

    https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00011411

    From what I can gather, seems to be a boatload of placements, cash burn a bit on the high side, just over $900k CAD in the bank, compared to a >$1.1m spend last quarter. Investment in "Grafoid" which at some stage was written down to nil value but seems to have a pulse. Website doesn't show any update on lac knife since 2014 but it seems they are seeking ~$175m CAD for capex.

    In summary, management issues?
    MLS Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch. 1  Great analysis
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