WTM 4.35% 12.0¢ waratah minerals limited

Ann: Battery Minerals agrees to sell Mozambique Graphite Projects, page-39

  1. 1,273 Posts.
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    All in the timing. Had the RCF financing been completed or another package agreed, BAT would probably be in production now. Literally missed out by one month.

    Selling the graphite assets now will probably also be seen as bad timing. Remember when Li went off the charts, only to collapse in price thereafter? It has now picked up and the price has followed the increased demand. The same story will inevitably unfold with graphite. The price was good, it collapsed and we are right at the juncture where it's likely to take off again following the demand coming from increased electrification.

    The one constellation is that we maintain an arms length economic interest in the asset.

    I can't believe how hard the share price has been hit in the most recent months. I feel it was only a few weeks ago we were looking at 2.2 and potentially punching through 2.3 cents. We are now at 1.3.

    I so want to be confident. I too miss Cherie. A through and through explorer.

    I want to have confidence in our management team. I can't help but think they're a bunch of jokers dancing around like dickheads on LSD. I sure hope we're not paying for that.
 
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