As Spid has pointed out on other companies threads the Graphite prices have dropped considerably. Spherical Graphite dropping the most by nearly 30%. Now trading at $2200 per tonne. I read on here before that EGR process requires 3 tonnes of flake graphite to make 1 tonne of spherical graphite. Small flake trading at $700 per tonne doesn’t give any margin to cover processing costs let alone Loan repayments. That is if they are able to secure debt funding which by these numbers isn’t likely. What’s your thoughts Spid? You seem hell bent on educating other forums you don’t own how about the ones you do own.
EGR Price at posting:
17.0¢ Sentiment: Sell Disclosure: Not Held
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