same reason why FMG dropped to $1.50 in 2014- they did get back to up to $9.5- mining is cyclical- I believe we at the bottom of the cycle now. How many companies have seen their SP get decimated only to rise strongly- thousands- Qantas another good example. Remember mining is cyclically so when the cycle is out of favour- losses are worsened on the downsize, however bigger profits and gains are made on the upside
now that they are capitalised again, have their mining producing graphite, optimising their revenue and reducing their costs. have contracts in place, have their US BAM project up and running- I think we are going to see some reward back to shareholders.
Was at science museum today, they are banging on about EV. Co2 omissions need to be reduced as they have increased beyond proportion. ICE won't be replaced over night, however this is the beginning of the end for them. Graphite producers are just getting started- oil producers have had too good for too long- they are in for a world of pain.
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