Chinese Spherical Selling for US$2500-3000, page-13

What Morgan Stanley don't have any credibility but Cannacord in Australia do? Din't BGF/Cannacord list Triton?

My point is that it is structural change and that is why nobody understands what it is going to lead to?

Structural change does not mean higher prices.

As I have pointed out beforesea borne Iron Ore demand from China has quadrupled in a decade (I would say that's structural) and yet the price is one third of what it was at its peak.


The facts are :

No pure listed graphite company exists at this stage and so there are no precedents
The market is opaque and has no pricing clarity and as a result bank financing is almost impossible.
It will take two years of testing to get a binding agreement in place, that is all that matters, not MOU's
Battery technology is advancing each day which I have mentioned is a key risk with a strong move to increased Silicon and solid-state Li Ion batteries.
The company will have to raise massive amounts of equity as SYR has successfully done, that there is no argument
and the company spent $2million in a quarter (see above).

Now there is changes to Tanzanian law, another variable that will dis-courage major investment.

Has Stephen Hunt spent enough time in country dealing with this issue does anybody know?