Ouch!
3million+ shares on the
sell depth
down 3% today on 600k shares traded on its highest volume day which indicates a
sell off
Euroz
sold off NET 5million from October to February according to the broker data
Regarding recent battery testing announcement:
-No information of purification methods in announcement to achieve 99.95% battery grade
-No ICL data on published after more than 1 cycle of testing ie no ICL results for 50 cycles or 100 cycles etc of testing which is a worry when determining the life cycle and performance of the battery for more than 1 cycle.
-BET and Tap Density when compared to a typical Chinese graphite anode were actually lower in performance and capacity.
Other critical issues:
-RAP
-Offtakes with third party traders who do not have any significant sales in the lithium battery industry...at all!
-Over supply of low-purity refractory graphite from China is weakening graphite prices
-No information on purification methods nor costs to purify to 99.95% battery-grade
-Spherical plant required to increase margins as it is not viable to rely on refractory graphite nor is it feasible to sell graphite-concentrate without any significant margins.
-Finance delay
-Lack of investor confidence hence weak share price and market cap of 40*million
time to sell the dog. You're just delaying the inevitable.
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