Ann: Development progress - Lindi Jumbo project, page-1304

The irony is Spid was, and still dives toward marginal graphite 'producers' like moth to a fire. Like BSM, now GW1 (and pivoted recently away from a graphite mine that never made a profit and bought cheapishly), or MRC (bought a marginal mine that Spid brushed aside stating 'it's OK if it doesn't make a profit, the money is in Anodes plant') except there's no money to build that Anodes plant and recent depression of Anodes prices not boding well for any unfunded graphite projects short term. Just end less raises to fund a black hole.

Learning ability, zero. Common sense, minimal. In the absence of financials, the clearest signal of the quality of a resource/mine is its price. Profitable mines don't get flipped off for $10m (and that's a sucker's price to begin with). The only criteria, that determines if company announcement is fact or fiction is whether Spid has put money in a company or not. Except the track record speaks for itself -> FGR, BSM, EGR, MRC. Dear oh dear.

At least WKT's large flake products should be resistant to price changes in the 'glut' markets, you cannot grind upwards.