BKT research / Graphite sector research, page-215

Pippet - it can be frustrating. Think most know it will get built particularly once the urbix funding deal/bank debt and equity make up is more clear, along with the updated opex and capex figures. The USD/AUD wont be helping, along with inflation. There doesnt seem to be real insto flow in the name yet due to market cap and risks outlined. Once a few of these get announced and look on par to expectations then the smaller cap funds whom have it on their radar will start stepping up and taking bigger positions before flowing onto the bigger funds. Th daily volumes are still quiet small generally but when things get motoring this can get back to highs a lot quicker than most holders have witnessed imo. The market is in a risk adverse phase so the big money is looking for more certainty in BKT and the macro enviroment. Patience will get rewarded but having Urbix in our back pocket awaiting a deal makes the wait more relaxing.