What worries me is that the share price is at 10 cents and our market cap is $27 million. Aside from Epanko we supposedly have this wonderful processing technology (with a stated NPV of US $145 million) and yet our peers in Tanzania have higher market caps (and they don't have Ecograf). Walkabout Resources are essentially a pure Tanzanian graphite play (their exploration assets in Namibia and the UK are a sideshow) and there market cap is $46 million. Volt Resources have a market cap of $32 million.
Where's the problem? Is management failing in that they can't sell the value of Ecograf to investors OR is it actually a long shot with very little prospect of delivering any returns to long suffering shareholders. I hope it's not the latter because that would have all sorts of negative consequences.
Message to Andrew Spinks and Kibaran Board - it's time to save what's left of your reputations.
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9.7¢ |
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Mkt cap ! $44.04M |
Open | High | Low | Value | Volume |
9.8¢ | 9.8¢ | 9.7¢ | $2.152K | 22.16K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 10000 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.8¢ | 45000 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 10000 | 0.096 |
2 | 90709 | 0.095 |
1 | 10000 | 0.094 |
1 | 8000 | 0.093 |
1 | 19691 | 0.092 |
Price($) | Vol. | No. |
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0.098 | 45000 | 2 |
0.099 | 3703 | 1 |
0.100 | 7000 | 1 |
0.105 | 8000 | 1 |
0.110 | 8000 | 1 |
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