Thanks Bony. I agree this is a spec stock so risks are huge but so is the upside, thats why we are here. Like you Graphite has not been my pet stock however I see the planets aligning and this is too good to ignore.
When we were just starting to get some traction in the market with positive announcements we hit a speed bump.
Cap raise Sep at 1.7c
Production target increase Dec 4c
Battery grade ann end Jan high 5.1
Dow correction early Feb
After that we flat lined (small down trend) despite excellent news.
View attachment 1078837
I also agree that the timing of the CR is not ideal however action was needed and if history repeats there will be upward movement from the CR.
With the 100% ownership (all important governance issue with institutional buyers), DFS and subsequent offtake activity the near future comunication will be powerful and IMO will re-stimulate the market.
Icing on the cake may be a new SA government, exploration and upraded Jorc and maybe a little bit of
Cobalt!!!!!!!!! Who knows.
You need to speculate to accumulate and at 2.7c this is nearly half the price of the high on Australia Day.
