While I watch the shorts rise again it is clear the market value for this stock is closer to $2 than $3. It is a big mine and a great asset but the reality we are a long way off the graphite demand needed for this share price to rise sharply. The reality is China is going to be able to service themselves for a long time yet. Typically I have always accumulated when it has got this low but not this time. Progress is way too slow and the reality there going to need another capital raising. I will buy more stock when this is offered as I strongly believe this company will exist in 10 years time, so I will hold. I think there will be a capital raising before the end of the year. So I wish they would stop the bleeding and announce it at $2 now and make sure they can keep this mine alive for another 5 years when the world will finally need the product and it can start making a good profit. They need at least 100M to keep this thing afloat and confidence to Investors.
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While I watch the shorts rise again it is clear the market value...
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Last
35.5¢ |
Change
-0.010(2.74%) |
Mkt cap ! $367.3M |
Open | High | Low | Value | Volume |
35.5¢ | 37.0¢ | 35.0¢ | $2.274M | 6.355M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 189831 | 35.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
36.0¢ | 53310 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 187131 | 0.350 |
9 | 989772 | 0.345 |
10 | 583444 | 0.340 |
3 | 965374 | 0.335 |
13 | 506775 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.360 | 53310 | 3 |
0.365 | 264000 | 2 |
0.370 | 21683 | 4 |
0.375 | 174001 | 2 |
0.380 | 117894 | 4 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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