Five cent,
""Sounds like you are losing hope there
@possum2?"""
"""If only we had better management!"""
I am looking forward to seeing an increase in the graphite price. Something that I was expecting to happen long before now. We may have been enjoying a different set of circumstances if that would have occurred, as many so called experts were predicting..
As far as better management is concerned, yesterday I highlighted a number of stocks from both the Lithium and the Graphite space that had dropped by massive amounts, after having risen substantially in recent times.
It's a fact that these companies had all managed to rise and then fall with the SAME management in place.
Whilst it's very convenient to point the finger at management, I would suggest that other factors are also largely contributing to the sell off that we have been witnessing in recent times. It's being too simplistic to suggest that all of these companies have been belted because of poor management.
Recently I have watched MEI halve it's share price in less than one month from 31c to 16c. I would suggest it DID NOT lose half it's value because of bad management. Infact it was the good management that originally helped get the share price from below 10c to over 30c during the past 12 months.
One could put forward a strong argument that the fundamentals for critical mineral companies has changed enormously because of the downturn in commodity prices, which in turn has had a massive impact on the whole sector in general. Given that Volt have been trying to negotiate funding, the stagnate graphite price has not been helping their cause.
The sector that has enjoyed a major re-rating of late is the Uranium sector. Reason being, uranium prices are reaching values that we haven't seen for many, many years. So we have seen investors exit the lithium and graphite stocks to now jump on board the uranium stocks.
It's not rocket science as to why the interest has returned to that particular sector..
The HOPE is that those fundamentals for graphite stocks improve for the better, sooner rather than later if possible.
That is my hope..
(20min delay)