Ann: $35M Phase II Funding Update, page-5

I call it as i see it raider and i stand by everything i have said about the company, most of which has been attacked on this thread but turned out to be correct. Did you notice that the company has now confirmed what i posted all along, that they have an issue with high cost of production. I guessed that was the reason they delayed the feasibility report. But the situation i see now is more positive, they have finance and i like them having 4 customers for their product and the tonnage is also good. I don't think they will be very profitable for a while until they mine more of the high grade graphite and can improve their production split away from 50% low grade product on which they will make hardly any profit. But longer term i think they may come good, perhaps very good. Graphite prices are high and proximity to Japan and East Asia with established trading partners will pay off. Its a spec company with risks but my SP predications are 60c floor and $1 top.