We are still waiting on the DOE loan approval for Balama of US$150 million.
This was supposed to be finalized by the end of June 30th but more delays.
once announced to the market, expect a share price jump. But don't be surprised soon after if some corporate activity (i.e. a takeover comes along).
A bigger player that takes a longer term view of graphite prices of US$800 to $830 a tonne) could sure see value at these low prices.
Some years ago Glencore kick the tyres with a supposed offer of $2 billion. Currently only worth $250 million. If same price, $1.75 is a similar price. Let's wait and see.
Corporate activity
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28.5¢ |
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Mkt cap ! $294.9M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 29998 | 28.5¢ |
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| Price($) | Vol. | No. |
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