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Ann: $1.6M Raise to Advance Downstream Graphite Anode Business, page-81

  1. 795 Posts.
    lightbulb Created with Sketch. 280
    i think this management team have no idea.
    it’s been 12 months since PC took over and the share price is a third of what it was.. a THIRD.

    no progress on anything. No finance. No resolution on the second payment for the ZG purchase which was promised months ago and has the potential to bankrupt the company if payment is pressed.

    sector goes up and this just wallows::/

    desperate cap raise to just pay their wages
    and will be all gone by end of January based on their $2 million a quarter spend .


    the offtake needed to be with a substantial company that included a finance component . Chinese oI ne without finance is a waste of time.///

    I just can’t see a way forward except as another poster said that the $50million grant comes through and puts a floor under the SP and gives something to leverage off.

    but how likely is that///. We will see

 
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