A prominent investor of the Century said, if you believe in a company that is certain to succeed in long term, buy share when there is blood in the streets. If graphite has no demand, why NVX is doing a CR to build the plant and still going green. The shorters will do what they do best, until you're selling, its paper loss. Australian Super holds 370M shares. Since last CR at 55C they have lost 40% based on current SP, do you think they are selling.
The tide is about to turn but we don't have answer. Are shorters in a mission to help out hostile take over as current market capital of $348M (USD230M) for two running plants at Balama and Vidalia looks ridiculously cheap. The current MC does not even cover the build cost of these plants without consideration of graphite reserve at Balama
Graphite export restrictions could finally be the push, page-8
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Last
32.5¢ |
Change
0.020(6.56%) |
Mkt cap ! $336.3M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 32.5¢ | 30.0¢ | $1.514M | 4.877M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 500053 | 32.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 170548 | 6 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SYR (ASX) Chart |