Pel, have to agree those who sold at 2.3c would be smiling now. Oh, ... that includes me selling some too! Perhaps they're hoping to buy back under 2.0c?
The fall of Syrah from $6.50 at one stage, to just $1.06 today is a concern. SYR has been producing and selling Graphite for a few years now and it has been stated that they have $100m in the bank. SYR is also developing its own Battery Anode Material (BAM) project in Louisiana USA. Sure, they had a fire and some production problems, but nervousness about their Graphite company may flow onto other Graphite stocks?
On a brighter note, The news that VW is going to hit the market hard with a massive amount of, and a wide range of, ev vehicles over the next 10 years is heartening. The modernised electric Kombi looks great and will be a winner!
VW plans to transform the electric car industry over the next decade!
https://www.heraldsun.com.au/motoring/motoring-news/vw-plans-to-transform-the-electric-car-industry-over-the-next-decade/news-story/51bca5f6dc6a7cd18d6771781e96b281
Graphite Articles of Interest, page-43
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