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@Shellbell massive headwind for bsm in Madagascar "buyers...

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Namvo

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21/07/19

00:46

Post #: 39616678
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Originally posted by Shellbell: ↑

Appreciate the comprehensive and detailed rebuttal, oznt. It would come as no surprise to you, as the guru of WKT, that I would not or could not refute the logic behind your view that WKT will be better insulated against production teething problems nor refute the feasibility of the financial number-crunching. However, the subject of BSM arose in the earlier discussion in context of Mkt Cap.

Whilst I am very impressed with Trevor Benson and the comprehensive way in which the WKT business is being established, I still believe that BSM has a lot going for it given that it is actually producing and selling graphite (albeit on a small current scale). It has a paltry Mkt Cap of only $26M. WKT's SP performance to date has been stellar and if current funding does come through, the SP should recommence on its upward trajectory, but it would be unrealistic to think that once WKT transitions from an explorer to producer that the SP won't come off.

Anyway, thanks, oznt. Given the fact that WKT is in the speculative/exploration/feasibility stage of the cycle, I would consider it a buy for yours truly IF I had the funds available. I certainly wouldn't want to be a holder when production commences despite the high grades and high flake distribution. Speculative traders usually exit at that point taking their profit to move onto the next speculative/overhyped scenario.

Cheers - Shell

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@Shellbell massive headwind for bsm in Madagascar "buyers paradise". The Chinese dominated Madagascar with links into China and the US. Tirupati is shipping large amount to the Indian market. Once again I don't hold BSM nor WKT, just an humble opinion only.

WKT Price at posting: 34.0¢ Sentiment: None Disclosure: Not Held
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Last 9.8¢		Change 0.000(0.00%)		Mkt cap ! $65.78M

Open	High	Low	Value	Volume
9.7¢	9.8¢	9.6¢	$48.00K	499.4K

Buyers (Bids)

No.	Vol.	Price($)
2	92083	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	128307	3

View Market Depth

No.	Vol.	Price($)
1	40000	0.096
4	140480	0.095
4	207400	0.094
2	58543	0.093
2	18924	0.092

Price($)	Vol.	No.
0.098	38307	2
0.099	40300	1
0.100	33728	1
0.105	75598	2
0.110	192833	4

Last trade - 15.22pm 13/09/2024 (20 minute delay)

WKT (ASX) Chart

@Shellbell massive headwind for bsm in Madagascar "buyers...

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@Shellbell massive headwind for bsm in Madagascar "buyers...

Top Stories

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

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Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

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