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19:47
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Originally posted by DoctorFouad
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Another interesting point he emphasized (the importance of which is generally also underestimated by Mr Market) is the lack of debt. ZERO DEBT. Operating a producing and soon to be profitable mine without carrying any debt on your shoulders, is extremely rare and should be appreciated for a junior industrial minerals company (thanks to buying graphmada mine at a huge discount on the bottom of the graphite price cycle, luck ? or management skills ? as the saying goes "luck is preparation meeting opportunity" or "the harder I work the luckier I get"). This would allow the company to get good financing deals for the expansion of the mine and its future projects.
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Hi Doc
