Please post here any commendation on the current share price for...

Please post here any commendation on the current share price for the week.

At the start of initial Tuesday Trading, we saw:

- Buy orders as high as 0.37, with many orders trading over 0.32 during the opening/morning, pre 11:30;
- I expect the price to drop slightly for another few hours, as holders wishing to exit come online ( though as I type this the price dropped to 0.32 then back up to 0.35), hence, stabilisation might end quicker than expected;
- Evening stabilisation expected;
- My current minimum estimate SP value is at around $0.7
- Without being conservative, I have a SP value of $1.5+ AFTER mining license is granted

Letter from management detailing key points:

- Analyst coverage to be posted on the website from Pulse Markets (Chris Baker), Palladion Partners (David Greenwood) and RM Research (Guy Le Page).

- Not only does Chilalo have a very large proportion of coarse flake graphite (> 180 microns), it has demonstrated through testwork conducted by China Gold that it has market-leading expandability


A key point to ponder one:
- Soon after listing, we expect to make our application for a mining licence at Chilalo which is expected to be granted in the coming months. This should allow us to finalise any agreement we are able to reach with China Gold / CNBM and set Graphex on the path to developing and constructing a world-class graphite mine in Tanzania. Given the proposed small-scale operation, Graphex anticipates a rapid development timeline that could see it become one of the first ASX-listed graphite projects to production.


Good Luck to All Traders

DYOR