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7.59%

8.5¢ international graphite limited

Ann: Huge Mineral Resource increase at Springdale, page-59

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Empty Nose

3,862 Posts.

490

22/05/24

18:26

Post #: 73960956
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Originally posted by daando37: ↑

with comments like these, i get the feeling that investors hardly pay attention to the macroeconomic environment. their decision to take a position is probably limited exclusively to hotcopper. since you obviously don't held, this post is general.

let's take rnu as the starting point for our current market research. even if spherical prices increased ~20% from here, they would not make any profits. if you look at the sp development of rnu, which has an estimated ev of ~150m and ~120m cash, you will see that we are currently at the lower end (if not lower) of the graphite market. look at producers like syr or the canadian ngc. syr in particular is one of the asx companies that are most frequently shorted.

do you think this is happening for no reason?

management constantly buys this company on the open market. you will not receive any more “security” of a possible price reversal in this environment / long term.

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so are you writing (in January ) that low graphite prices are the main problem here ?

and currently?

Last edited by Empty Nose: 22/05/24

IG6 Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 8.5¢		Change 0.006(7.59%)		Mkt cap ! $16.45M

Open	High	Low	Value	Volume
7.9¢	8.7¢	7.9¢	$19.70K	236.7K

Buyers (Bids)

No.	Vol.	Price($)
1	105175	7.6¢

Sellers (Offers)

Price($)	Vol.	No.
8.0¢	17653	2

View Market Depth

No.	Vol.	Price($)
1	105175	0.076
1	46200	0.075
1	114000	0.073
1	7056	0.071
2	29999	0.070

Price($)	Vol.	No.
0.080	17653	2
0.081	1344	1
0.089	6512	1
0.090	27777	1
0.092	107500	1

Last trade - 12.24pm 06/09/2024 (20 minute delay)

IG6 (ASX) Chart