I suspect that nameplate production rates are not enticing...

I suspect that nameplate production rates are not enticing enough to seal sales deals. It may be a case that management has simply been overconfident and Bass is being forced to fast-track their ramp-up just to get purchasers.

In order to be seen as a reliable supplier, Bass needs to be able to meet orders for specific flake-size and of much higher quantities perhaps.

Digging the graphite out of the ground may not be the hard part at all. Management may have underestimated the difficulty in securing sales but once that starts to fall into place, the share price will head north and very quickly. Hopefully the lithium play will add some cream to the cake.

As for Quickthinker selling at 1.2c, lets hope BSM's share price in the coming weeks and months has him thinking "that was unwise"!