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15:16
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Originally posted by hopeful2
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It has been two weeks today since the SP hit 34 cents on the back of some encouraging binding off-take agreement announcements. That day (17/04) there were more than 11 million shares traded and the SP ended the day at 25.5 cents (today's current price). There followed a couple of days of 3 million+ shares traded but since then trading has been thin and the SP has stabalised in this region. In my opinion this tells us that the current holders are hanging on to their shares. There has been no panic selling and buyers will have to start paying the market price if they want to get on board. I'm sure there are more than a few "profit-takers" who sold when the SP was in the 30s who are now sitting on the sidelines waiting for the SP to drop so they can get back in. They will be praying that there is not an announcement confirming a financing deal that allows mining of the graphite to commence.
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Hi Thanks for that posting. It has been well compiled and the items that you talk about to drive the shareprice are all just waiting to see who offers the best type of finance to be agreed on . There are some very Competent people scrutinising all these current offers Cheers Towie
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