- Yes I think they would have a duty to disclose, however as we've seen with most ASX companies, when something doesn't progress it's often added into the small text in a quarterly report or not mentioned again. Similar to bad drill results... you know when a company has completed drilling and taking forever to release assay results, they are almost always dusters!
- I think I've already answered above. The proposal exists, otherwise it would not have been put into announcements (multiple times). Shareholders don't manage/run the company, nor do they negotiate or need to see proposals. If it progresses (guessing this will be some form of contract, MOU, Binding MOU, Joint Development Agreement (JDA) etc...) we will be informed via an ASX announcement. Are you thinking PC should post the proposal on hotcopper and get some sort of a group review going?
"Do you think the ASX would investigate?"
- No.
"Anyway, improved graphite pricing is a looooong way off so why are they negotiating NOW, instead of years back when graphite was stronger?"- We've seen multiple offtakes for natural graphite (fine + coarse) announced over they years, the 2 most recent being done in
March 23' Graphexhttps://api.investi.com.au/api/announcements/vrc/035a3eb3-e57.pdf and
April 23' Qingdao Baixing Graphite Cohttps://api.investi.com.au/api/announcements/vrc/25391f8b-091.pdf.
What they're working on now is offtake for Battery Anode graphite (e.g. downstream of the mine... CSPG, SPG, UHPG), it's in the announcements. Obviously were not able to get pen to paper for this in the past and when market was strong! Remember how long Graphex offtake dragged for when TM first announced, and then finally done 8 months later after his successor stepped in? Inefficiency or inability to close a deal perhaps?
"Sorry for the negativity but I am just so sick of the BS and would rather lose ALL my money (80% down currently) than go through another 7 years of BS."
- Why would you want to lose ALL your money, when you could instead get some back by selling on market at current prices? That is, if you are expecting another 7 years of BS and no progress/decline to zero value, of course. I understand the negativity and frustration, however it doesn't seem to be serving you. Maybe you could try objectivity? It does appear on face value that things are changing for the better. Time will tell.
(20min delay)