the extreme risk here is while the coy is listed on the asx , the mine is in Kazakhstan between Russia and China , China controls 80 to 90% of the graphite market
China and Russia are in a proxy war with ' the west '
China has placed graphite export restrictions
research what happened to the asx listed WKT with their graphite mine in Tanzania , a hostile takeover by Gemcorp originally funded by Russia with Russian directors
Gemcorp are involved with the current instability in Africa , China are also involved
asx response was ' out of our jurisdiction ' ,
ASIC response ' the asset is overseas so out of our control '
aust govt response so far referred to the treasury and the foreign investment revenue board
maybe a day trade only
more to come
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