Stock up

Hi folks,

I have been able to stock up on BAT in the past week or so. Picked up most of my last 100,000 today.

I see a relatively safe entry at these levels.

Capital will flow from some of the Tanzanian plays to those operating in jurisdictions friendly to graphite mining, such as Mozambique. As an aside, for the past 5 years now, the market has being trying to work out which projects have legs. BAT, being one of the first (remember MTA?) is still around. Confidence and resilience.

BAT is a rather unique play in the graphite space. It was one of the first to conceptualise vertical integration and has made considerable progress on this front.

There is much happening behind the scenes directors may not be at liberty to disclose. The confidentiality arrangements in many of these cooperative arrangements are often highly commercially sensitive.

Those matters aside, I have confidence in the board and the resource. I like the commercialisation strategy. The people involved in it's execution are both prudent and judicious. They tend not to associate themselves with crap.

Happy to sit back and let the professionals do what they do best here. I feel we're entering an exciting phase in BAT's story.


Adequate.