There’s a saying “the cure for high prices is high prices” there’s another saying “low prices cure low prices”
This is the cycle WKT will have to live with, if Mike thinks low prices for fines will shut mines and therefore limit large flake graphite he is probably right, but hurry up and wait as mines will easily crank up again on price turn around.
The most important single thing is WKT needs to stay afloat above all else, it’s obviously struggling to make any positive cash flow right now due to the longer than expected commissioning process.
If a CR is needed (the presentation wasn’t just for pretty pictures) to stay in the game embrace it, as the alternative is not acceptable to shareholders.
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Price($) | Vol. | No. |
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