SGA - The best graphite play on the ASX?, page-48

who cares about dilution? Everyone should. You’re not wrong that retail isn’t that sophisticated, but throwing your hands in the air and blaming marketing when it’s not the main reason money isn’t flowing into the company is ignoring everything else at play.

none of us know if SGA is commercially viable in current economic conditions prior to any FS being completed.
what’s their scale of production? Capex, opex? How are they funding it? when will they get all approvals?
if it turns out their looking at a 1.5b+ capex they have no way to get that level of funding as they are with 20m MC.

I agree that a much larger MC ‘should’ be justified, but they’re too immature in the development process to justify any MC, even with PFS, in current market it’s just too early to know if SGA can do it…… and that is the real reason people are not buying.