Personal Brief Analysis

By the looks of things we have passed the bottoming, the low was hit at 0.38. This low is  nearly 100% greater than the IPO offer.

Before Bottoming
Prior to this bottoming, the SP had been consistently below the middle Bollinger Band. This generally means that it is going to continue decreasing for sometime, many Bollinger traders sell once it touches the bottome Bollinger Band. This likely facilitated the price decrease, but now we are heading in the second half of August, one would presume there is an expectation for mining license release, either late Auugust or Early September. Hence, the bottom occurring in the first third of august.

After Bottoming
After the bottoming, the SP has been travelling in the upper Bollinger band, to date, the Price has hit the upper band 3 (possibly more) times, with today being one of them. When this occurs, many analysis would buy into a stock, as this is a facilitation of price increase. Volume has been steadily increasing with 200k+ volume today. This is a good sign of continue SP growth. There is very few sell order prior to 0.6, so this will likely be broken upon mining license release. But this would only be a speculation.

To date:
We still have one more full research report due imminently;
Mining license due imminently;
Drilling due, sometime at the end of august to the end of September;
Independant testing due, which is being conducted by a Chinese company (due shortly is my expectation);

In relation to the above points, if the testing is positive, and mining license comes back positive, this will facilitate an off-take agreement. If the agreement is not reached before drilling results, and drilling results expands the graphite potential, this may give GPX executives greater power in negotiations. This would be why I personally would conduct such expeditions during negotiations.

Good Luck all, have a good day. DYOR