I wonder if we get an announcement for a 250m graphite intersection, we'll see 30c, or the MET results show +90% carbon purity, and we'll see 10c, or maybe an offtake agreement and we'll see 1c?!
I reckon as soon as a cap raising is done and dusted, the games will stop and also those involved in the cap raising may drive the price up by buying on market to protect their investment. Tightly held, thinly traded stocks are volatile and can be manipulated/controlled, but only until an even bigger player gets involved. I just hope the cap raising is not a rights issue but goes to a cornerstone investor, or a small number of sophisticateds. At least some people who wanna hold for more than a few months and see if this thing can't reach production.
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- should retest 60c....
I wonder if we get an announcement for a 250m graphite...
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