Patersons estimates are out dated and it would be interesting to get an update. It was done before the second/extended IPO cap raising and obviously before the company announcement of upping the output to 74,000tpa including the latest 30,000 higher quality output. Patersons also note some production in the March Qtr but the big announcement on the 27 march
says "existing graphite manufacturing facilities off care and maintenance and to bring those facilities to full production of 14,000 tonnes per year over the coming months (Phase'1).''
Leaves me wondering when production will actually commence.
As for valuation, Patersons 65c should be achieved quite soon. IMO as that will give a MC around $100m which is on the light side compared to how the market is valuing its peers. We could really do with a comprehensive company and Patersons update.
In the meantime I see no reason why the sp shouldn't continue to climb at least towards the 65c mark awaiting updates on further advancements. Looking forward to Monday cheers all flatchat
VXL Price at posting:
52.0¢ Sentiment: Buy Disclosure: Held
