I thought the announcement read well and considering the recent events the tone seems rather positive. Very happy to hear the company received a r&d cash refund of $963k - which couldn't have come at a better time. I still have some concerns as to just how long finance will be delayed. I don't like trying to pick the bottom, but unless the CBA or another big buyer steps up, I feel there may still be better buying opportunities (if not cheaper, perhaps less risk) to come. I will wait for the dust to settle a little bit more for now.
I note that MNS' update is far less reassuring. I suspect we'll see a heavy selldown of their stock when they are reinstated to quotation. I can't help but think that this might have a temporary worsening effect of the sentiment towards mining Tanzania. I do however think that investment dollars will shift from MNS to other graphite plays, mostly non-Tanzanian, but hopefully some into KNL as well.
Definitely some very interesting times ahead. I suspect the number of graphite hopefuls in Tanzania will be much less in six months.
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9.4¢ |
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Mkt cap ! $42.67M |
Open | High | Low | Value | Volume |
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3 | 27151 | 9.2¢ |
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4 | 60064 | 0.091 |
4 | 55702 | 0.090 |
1 | 10000 | 0.086 |
2 | 37358 | 0.081 |
Price($) | Vol. | No. |
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0.097 | 338382 | 1 |
0.099 | 10000 | 1 |
0.100 | 829704 | 4 |
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