Will be interesting to see if this spikes interest in the SP tomorrow. Seems a lot of the buying is coming from overseas investors with big spikes on early trade and quietening down during the day when it is just the locals trading. Still, it is fantastic to see that actual markets are in place once production starts soon and that hopefully all production from Phase 1 is likely to be sold rather than sitting around awaiting customers. It would have been an even better announcement though if it explicitly stated that all grades of product were essentially able to be sold under these MOU's, because that's a key point in ensuring the economic success of graphite mining and production at Uley. There may be a good market for the course grade stuff but that's not all that fantastic if the fine stuff gets stockpiled.
VXL Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
