Seriously mate why do you keep posting on a stock you sold out of over a year ago? If i sold out a year ago, i'd be spending time researching the next unicorn to buy. Seems like wasted effort IMO.
Kwinana was a terribly idea logistically. I can see why they changed plans now. Think about it, you mine the graphite in Africa, ship it to Perth, process it and turn into spherical flake then ship it back to Europe or US (prob on boats powered by diesel) for it to be assembled in an EV. Terribly inefficient. Far more efficient to setup shop next door to the EV production facility of whoever it is they have been teasing they are in discussions with. I have my suspicions who it is. Like others have said previously, I reckon this manufacturer has stipulated that in order for them to sign a binding agreement for supply or JV, they need to sure up supply, now they have announced negotiations have been finalised with GoT and one of their peers is planning to sign this agreement later this month, all but confirming they are next in line or due to sign before end of June. Once this happens, the re-rate will occur!
The next geopolictical pressure (outside of their control) is what happens to the world economy from now till then. If inflation goes bananas (likely peak has already passed) or a war with china/russia happens then the whole market will get pummelled, an announcement of $100m supply binding agreement will likely do nothing for the SP if this occurs.
EGR Price at posting:
20.0¢ Sentiment: None Disclosure: Held
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