I tend to agree that SP isn't going to jump too much just yet, and I don't think it's all to do with some master manipulator, or shorters. Over the years, there have been many positive announcements (I remember talk of ordering long lead time equipement for Kwinana, that's how definite it seemed to be, and then it didn't happen), and then nothing happens. We still have a few major hurdles before a lump of graphite is extracted from a mine, so I totally understand that this SP isn't going to move much until a few more ticks off the todo list happen. I wasn't an early adopter in EGR, so we're currently sitting on a substantual paper loss (for us). While I've had plenty of opportunity to average down our hefty losses, I'm not investing more good money after "bad" until we can see that it really is full steam ahead. I'm 100% behind this sector, and that's why I'm still here, I'm just not 100% convinced that this team will do it. This week has certainly been a step in the right direction though.
EGR Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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