FiveCent,
"""How long are you going to wait?
It will take years to build the plant and BEGIN the process of getting IT out of the ground, so I am guessing you will be waiting many more years.""""
And yet here you are as a shareholder like the rest of us.
You have just given us a whole host of reasons why one should not be holding onto ones shares. So why are you STILL holding on, is the obvious question.
The market is a strange beast. I can give you a whole list of companies that have gone up by 10 to 15 times because they have announced good drill results on a continued basis. They HAVE NOT got their funding in place and they probably won't for some time to come . Yet the market is happy to buy at these hugely inflated prices on the hope that they will eventually be successful in their funding mission. It's a big gamble, because there is no guarantee of success on funding or the length of time it can take..
Consider that Volt have already identified a major graphite resource. It does not have to continue to spend time or money on further drilling. This is what Volt currently has right now.
- One of the largest graphite deposits in the world. 100% owned; Greenfield project; Bunyu is the largest JORC Mineral
- Resource 461 million ton @ 4.9% TGC for 22.6 million ton contained graphite & Proven Reserve of 127 million ton @ 4.4% TGC.
- Huge upside potential with exploration to date covering less than 6% of the project area
- Two stage development strategy with Stage 1 significantly de-risking.
- Stage 1 to produce 23,600 tpa flake graphite (@ 6.26% TGC feed grade) and Stage 2 expansion increases annual production to 170,000 tpa flake graphite.
- Environmental Impact Assessment Certificate and Mining Licences received covering both Stage 1 and 2
What Volt doesn't have of course, is funding. Once it secures that I would imagine the market will look at this company in a different light. Together with it's graphite mine which is currently producing in the Ukraine, one would have to suggest the potential is there for a substantial upgrade. Throw in the relationships formed in the U.S and you suddenly begin to realise that Volt is pretty well placed on many fronts. The market however is only focusing on one thing, and that is, it's funding situation.
As I said earlier the market is a strange beast. I repeat, there have been many companies that have risen ten fold in recent times with NO funding in place.
Had Volts Chairman Asimwe Kabunga spent only half the amount of time on Volt as he has afforded Lindian Resources, I believe Volt would already be in an advanced position to where it currently sits today. Given he is by far the largest shareholder in Volt, begs the question why he has not dedicated more of his time, and become more involved in it's daily operations to help it achieve it's goals to become a graphite producer in Africa.
It has always remained a mystery to me given he will be the major beneficiary financially if Volt enjoys the success we all hope for.
It's a question only he can answer.
(20min delay)