Ann: Trading Halt, page-4

Indeed, long time coming and finally arrived. Epic 50% pump from 52c 30 Mar to 77c close 5 Apr after MRE upgrade and London running it up on lite volume while ASX was in TH. Epic not just because 50% jump from $200m to $300M MC is huge, but based on a completely expected larger resource at same grade incorporating 12 months extra drilling outside last MRE. In fact from 22 Feb lows of 38c they pumped this 100% in 6 weeks with a well orchestrated series of releases and corporate activities... well played boys.

So obviously the market this week threw a spanner in the CR plans, though they stopped the bleeding at 67c and tickled it up against a falling market yesterday to close at 71c (up 5% on the day if you don't mind). VWAP last 30 days is higher than 71c so good justification to a modest discount from here but I wonder in this market what price they need for the London players to bite and swallow a big chunk? Hate predicting short term price moves because so many factors/manipulators at play but have to think CR into the mid 60's and closing that huge gap from 60c pre-MRE update a potential short term target if markets stay weak...

CR out of the way clears the deck of that overhang anyway. Either way, mid 60's is a great outcome if a big chink of money is raised all things considered and from where the price was 2 months ago. Wouldn;t have been possible without the London listing and fresh UK investors imo, the ASX dries up quickly as you can't go back to the well often before the same players are tapped out and/or stale.

Great story if you are a graphite fan, Good luck holders