@moneymaker.........you seem to have a lot of excuses why the SP is falling, apart from the most obvious, and lots of reasons why the SP will do well.
Reality is the SP has lost 90% of it's value and continues to tumble because the business model has been shown to be completely floored.
Demand well go up for graphite in the future but so will the supply.
Cash burn is horrific and whilst the company is trying to address this I can not see them being cashflow positive for many years to come.
SP continues to make new lows.........that says it all
Graphite Price, page-162
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32.5¢ |
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Mkt cap ! $336.3M | |||
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