djm,
"""Poss how many essays did we get explaining that the whole graphite sector was down and that VRC was just a victim of that. The sector has had an upturn and every stock that you compared it to has had a big rise …. Except this pig.
what’s the excuse now??? """
The only reasonable excuse I can find is that they were doing a cap raising and SPP which gave shareholders the opportunity to sell their shares at .07c and get the shares back from the SPP at the same price with a one for two free option. 19 million shares were sold on the 31st of Oct at .07c. Could that be the reason.
Unfortunately the cap raising came at the same time the Chinese announcement about graphite. Timing is everything.
One could argue there appears to be plenty of arbitration going on .
What do you think.
Ann: $1.6M Raise to Advance Downstream Graphite Anode Business, page-79
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