Problem is no one is buying natural graphite that is why the plant sits on care and maintenance and it would appear that 2026 may be the earliest the plant may get back to something that it can run other than campaign runs. Being the largest doesn't make it profitable, indeed quite the opposite which it is currently proving.
I guess your buying low is to buy into the recent capital raise at 55 cents and sit on the loss, but hey one can be assured you will get more chances to buy at lower prices as they raise more and carry out further dilution.
Aust Super now have 32% which makes it hard for them to prop them up next raise so how low will the raise price be. Please don't say they won't need to raise again in the current market it is highly likely in the next 12 months, as they have proven recently despite all the know alls saying they wouldn't.
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