Ton reaction today was because for market cap results did not...

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elit

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04/08/14

19:00

Post #: 13767375
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Originally posted by michael_mvy ↑

I don't think it's necessarily the enthusiasm for graphite that's waning, but rather investors and traders are getting more "picky" with the quality of assays or other exploration progress.

Not too long ago, graphite juniors that merely announced some rock chip samples or even just announcing their intention to start graphite exploration was enough to send their sp into a frenzy. This type of herd behaviour is more than enough to drive sentiment that a graphite bubble might be forming. Combine this with the softening equity market sentiment around the world, slow down in Chinese manufacturing, and you have yourself retraces of unsupported graphite hypes that were forming everywhere.

In my opinion, the outlook for graphite has not changed, and the slowdown in Chinese production due to environmental sanctions is already happening. However as it stands, the market will only reward those that have true potential and empty promises trying to catch the wave will be quickly punished.

As they say in resource, grade is king and BUX has probably the highest grade resource in the world. If they can prove up larger resource size, it is entirely possible for them to be re-rated rapidly given their presently low market cap.

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Ton reaction today was because for market cap results did not match expectations. BUX $18m market cap vs TON market cap of $190m.....

BUX still lower risk short term play IMHO as lot of expectations of massive intervals of 100m plus built into the sp....

BUX Price at posting: 34.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 6.3¢		Change 0.000(0.00%)		Mkt cap ! $12.94M

Open	High	Low	Value	Volume
6.3¢	6.4¢	6.1¢	$24.15K	384.7K

Buyers (Bids)

No.	Vol.	Price($)
1	3347	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.3¢	11931	1

View Market Depth

No.	Vol.	Price($)
1	3347	0.061
1	50000	0.060
1	66670	0.059
1	20000	0.055
1	10000	0.050

Price($)	Vol.	No.
0.063	11931	1
0.065	423753	2
0.070	261840	3
0.075	97308	2
0.079	55130	2

Last trade - 15.32pm 09/09/2024 (20 minute delay)

BUX (ASX) Chart

Ton reaction today was because for market cap results did not...

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Ton reaction today was because for market cap results did not...

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Yancoal makes it into the ASX200 in latest S&P rebalance

Red Mountain Mining: record gold prices, two projects, two greenstone belts

Carnaby Resources hits copper at Mohawk, QLD

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