This might be the case for those companies who still need funding. I think we are in a much stronger position having the cash to start up, and likely in that time graphite prices may be back on the rise. Overall, I dont think we are in immediate danger.
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had a look at Shorts for RNU yesterday, 4.7M. I am surprised at the low number of shorts yesterday. I thought it might have been 10M. What does this say? Shorts not betting on significant further slide (for now at least).
I suspected there were some big sells at the start of the day to trigger a bit of a snowball downwards. Regardless, it is good news in my book.
This might be the case for those companies who still need...
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