With the board holding 54% and top 20 holding 90% methinks that...

With the board holding 54% and top 20 holding 90% methinks that the share price might be like the tail of a very excited dog. That is of course unless the dog is sleeping.

As to the Graphite market generally, they are correct in saying that there is not enough in the world to fully satisfy demand. Best of luck to the punters.

Circa 411 million shares, 90% spoken for, leaving 41.1 million shares tradeable. That is of course unless one of the large holders sells and then the price can only go one way unless those trades are managed wisely. Either need a whole lot of individual shareholders loosening the structure or perhaps an insto or 2 or so to take care of the sellers wishes.

If a certain company was to do an underwritten rights issue, funds would pour in and the underwriters and sub underwriters could add some liquidity to the story.