It's very easy for the crowd to cheer and ramp up when the SP of WKT is on the way up. What happens when it drop's below 20c and beyond will you be cheering then.
No you will probably crawl back to your hole.
One thing I do respect when it comes to WKT and their cheer squad is that they are not even pretending to be neutral and ignore all the evidence in the SYR announcement which undercuts most of their previous share price appreciation and a large part of their rationale for certainty regarding funding - their vaunted Binding Offtake Agreement's.
From the SYR announcement:
"spot natural graphite prices in China have suddenly and materially decreased across all flake sizes impacting price re-negotiations and contract renewal discussion"
You will argue "but a different market, different product" - but this is not my argument, there is deeper magic in Narnia....
It's not about what your selling, it's about spruiking the rational that BOA's = funding. This is patently false and what the SYR announcement shows is that without price being a factor, these agreements are not worth the paper they are written on and thus goes your rational for guaranteed funding.
Let's see who has the last laugh? Let's see who has funding. Amongst a sea of red, there was one graphite play that bounced up - curiously, they have a funded pathway to production.
- Forums
- ASX - By Stock
- Potential Upside of WKT - Expandable Graphite
It's very easy for the crowd to cheer and ramp up when the SP of...
-
- There are more pages in this discussion • 3,192 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add WKT (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
-0.003(2.33%) |
Mkt cap ! $70.48M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.5¢ | $21.84K | 201.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 604881 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 224492 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 604881 | 0.105 |
13 | 607474 | 0.100 |
2 | 120000 | 0.099 |
1 | 130000 | 0.098 |
1 | 1 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 224492 | 6 |
0.115 | 1040750 | 5 |
0.120 | 676697 | 12 |
0.125 | 497166 | 10 |
0.130 | 337943 | 6 |
Last trade - 12.11pm 12/07/2024 (20 minute delay) ? |
Featured News
WKT (ASX) Chart |