EGR 7.61% 9.9¢ ecograf limited

Big year ahead, page-7

  1. 1,256 Posts.
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    Last July, the price was $0.60 albeit briefly. There was hype across the graphite sector but it wasn't unreasonable for long term holders then.

    In a changed market, it seems that $0.60 is a reasonable goal. However, if KNL has the attention of institutions and has attracted a cornerstone investor following a series of good announcements, a $1+ is reasonable.

    As others have observed, we are in a period of consolidation where the survivors will receive their correct valuations.

    I'm not saying I won't be happy with $0.60 by June but if there is an alignment of events we could see $0.60 much sooner than mid year.
 
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