Market is starting to wake up to the opportunity here at ITM, quality honest management with a quality deposit located in favourable Aus. From a macro perspective, short term pricing will be favourable for graphite over the next few months as well, with the annual shutdown of Chinese graphite mines. Not to mention, the writing on the wall from the Chinese (Pretty much saying to the Western World, get your own supply and good luck). There are a lot of long term holders here that I know of who are not looking for a short term trade, will be difficult to build a sizable position without decent spikes in share price like today. I have 500,000 shares now and won't be looking at offloading any time soon. Cheers, CP.
ITM Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
