I totally agree that graphite is the new black gold, if one doesn't have renewable stocks in their portfolio they should give it greater consideration. Obviously it's important that we choose these renewable stocks wisely, due diligence is required as there is a lot of mutton dressed as lamb.
I am also extremely excited for EGR, I've taken a reasonable position not long after the placement. I am actually looking at expanding my EGR holding, will depend on whether I shift a few investments in my portfolio around but there is certainly the intention there if prices hold which I think they probably will for another month or two but that's just a hunch after listening to a few presentations.
As for Triton I agree that Jinan will likely move to develop Ancuabe. In what time frame is the real question, clearly we hope it's sooner than later. Given Tritons cash balance I understand we cannot wait more than a few more quarterly on a decision, we clearly don't want to wait until we are on our last million. If Jinan need more time, David should insist on another unsecured loan of 2-3 million to tie us over. If Jinan are not sympathetic to our cash position than it should serve as a clear warning. I will add that I don't think trying to push Triton towards a VA will serve Jinan, it might not go their way as some shareholders assume it will. FIRB is unlikely to approve them, or any Chinese takeover for that matter VA or not and that means their initial $20m is down the drain. With China importing 70% of it's large flake I think Triton is well placed. It sounds like you too have spoken to David at some stage and are not worried, as for Max he would clearly have Jinan interest at hand however Peter and Patrick can put any disagreement to the shareholder base who will logically vote in the greater interest.
I'm very confident on EGR, SYR I only have a finger on the pulse so I can't comment with authority but in principle I really like their future prospects. Triton is another winner provided we can stay capitalized, should Jinan not provide financing the hard part will be selling a capital raise and at above basement prices but a strategic placement to a European institution would certainly do the trick. I think any good CEO would plan for the worst, should be shopping for a placement and JV now whilst concurrently negotiating the final details of financing since the December Jinan/Jigao meeting.
I will stay away from the Triton forum, the tree shaking is vicious and I'm not getting any support. I'm just another shareholder like everyone but somehow many seem to have forgotten that fact. I could be wrong but the data seems to indicate someone is gearing up for financing, knowing the wet season end is approaching they seem to be down ramping as hard as possible. If it is inside trading I wouldn't be surprised if they try to see blood in the water first at end of April, accumulating heavily and taking full advantage of any financing package. There is no honesty in the stock markets as you know and there are always going to be stakeholders who abuse their positions.
