Shell, The price has gone from 75 to 85 over 12 months whoopty doo.. Synthetic graphite price is also linked to oil prices which has come down...
People are selling this down for a reason... I don't see this as weak sentiment, I think its moreso due to management creating this sense of urgency which is non existent other than for the requirement of raising capital which has been completed.
Market doesn't see any of the stated announcements being completed anytime soon, hence, investors are selling to possibly buy back cheaper.
The cash will be deployed and used up very quickly, thus, another CR will be around the corner (as in probably mid this year) imho
EVG Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
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