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.
We are still waiting on the DOE loan approval for Balama of...
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