There must be a cash raise in the pipeline. Maybe it is Macquarie Capital Aus limited, initiating the pump and dump this morning?
I don't know why the company don't just instal a VRB, system in place of the 220kV, powerline. That way they don't even have to pay 8c a Kw. and they don't even have to worry about power line breakdowns. With the saving on the power bill, they can employ a specialised person for the whole mine life to look after it. It would also not take until 2026 to build and source it. There are other companies building graphite mines for much less dollars.
By 2026 there might already be other technology available, salt batteries, hydrogen fuel cells or even something else that would put pressure on graphite. They are, also not engaging new offtakes with other clients, majority of their eggs are in the POSCO basket at the moment. I can't see POSCO flogging out that $40 mill for module 2, if it is going to take two years to build Module 1, infrastructure and powerline.
I am still holding on to my shares and hoping for a miracle to happen and hope that the company won't go bust, at the speed they want to build this mine. This was a waste of ten years investing, for me and I am sure most of the initial investors, might also feel like that. I am no expert and do not want to offend any of the strong believers here. I am just giving my view.
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There must be a cash raise in the pipeline. Maybe it is...
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Last
3.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.08M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.3¢ | $1.176K | 34.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 87895 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 174372 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 87895 | 0.033 |
5 | 851616 | 0.032 |
1 | 32258 | 0.031 |
1 | 12247 | 0.030 |
2 | 124116 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 174372 | 1 |
0.035 | 80935 | 1 |
0.036 | 58114 | 1 |
0.037 | 63543 | 2 |
0.039 | 75000 | 1 |
Last trade - 15.42pm 29/07/2025 (20 minute delay) ? |
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