It will not travel to far from the 55 Million capital raised price of $1.45. 55 Million still strong support for that price.
EMA200 days is still $1.48.
$1.45 is the baseline and nothing has really changed.
Still do not have permitting to mine Vittangi mine for the 24 years of mine life at a rate of 100,000 tonnes of graphite ore per year. To be able to produce 19,000 tonnes per annum of Anode material.
Only have trial mine in 2015 to mine 5,000 tonnes of graphite ore and another trial mine in 2020 to mine 25,000 tonnes of graphite ore. In 2016 the mine site was rehabilitated. When we finish the 25,000 tonnes of graphite ore we need to rehabilitate mine site again.
Still don't have 484 Million funding for facility to produce 19,000 Anode material per year and still don't have a single customer commitment. It will hover here, but no news reality will sink in and will trade around $1.55 soon. People still in denial. Nothing that no news for two months can't remedy.
And running out of money again. Amazing that they been living of capital raisings since 2011. Really long stretch.
Need new investment soon. But at what capital raised price? That's the big question. People will be less keen this time. They already got burned with no growth since December 2020 capital raising.
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It will not travel to far from the 55 Million capital raised...
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