New Tenements Potential for Major Rerating After Neigbours results BAT SVY NML, page-14

I beg to differ. I was a shareholder of BAT when graphite in Africa was the only asset. I think it was around 6c. It started sinking when Moragan Stanley came up with very discouraging report about battery minerals in general. Effected entire industry all over the world. I was in Kidman, got out without loss due to takeover by westfarmers. From memory BAT signed finance deal but the financier chickened out due to negative sentiment prevailing at that time.. Bat was always a 3c upward stock with out finance. May be worth low 10c with finance. So the current SP does not represent Graphite value. Well that is my opinion.