basket case, page-13

This is a Price Move Comparison chart for the last 3 months of various ASX Graphite Companies.

It gives all the companies a common starting point 3 months ago and then tracks performance.
In this case the base "price" is 27 and you compare that percentage wise to the Right Hand Corner individual company's current position.

So obviously other than KNL,the others are similar and in a pack. imho this shows how flat the Graphite Sector has become in a general sense.
As well it shows specifically AXE's performance comparison by dropping from 21 cents 3 months ago to the current 14centish.
Not a good look but not so pathetic when the Sector performance is observed.

AXE and TLG are the "conservative" plays in this game yet they are each more likely to run at near term production.

We await their updated Drill/Metalurgy and JORC reserve calculations.