When Maniry is up and running we will be considered a "producer".... for now, being a downstream manufacturer (the ONLY Expandable Graphite manufacturer on the ASX) is an impressive achievement. We are now (heading towards being) a VERY RARE investment opportunity ie an ASX graphite play that is actually generating income.
Have no doubt people, Mr Market is becoming increasingly aware of what EVG has to offer.
What's my justification for this comment?
- Our most recent Price Sensitive Announcement was 7 weeks ago re Board changes.
- Our sell side has exceeded our buy side for quite a while (certainly throughout those 7 weeks and for a long time prior thereto)... BUT RIGHT NOW our BUY side is around TRIPLE our SELL (bear in mind there's 2M on the buy that are unrealistic - at 0.1c and 0.4c, BUT ALSO BEAR IN MIND THAT AROUND 60% of the sell side is set at above 4c - around 100% or greater than current SP).
Why is this buy/sell imbalance building up???
WAY oversold. WAY undervalued. SIMPLES!
Watch out if a Price Sensitive Announcement drops in the short term.
I don't give advice... this is just my assessment of the situation.
Started, don't even get me, on commodity price cycles.... WAY overdue, the graphite price is, for a turnaround (that's my best Yoda impression for @Shellbell).
Have a good weekend everybody.
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