http://www.graphexmining.com.au/wp-content/uploads/2020/02/BSCP_GPX-Report-February-2020.pdf
There are also some positive points.
Page 8
Regarding pricing of expandable and micronized graphite, we have sighted pricing information which suggest that the numbers proposed by GPX and their advisers are conservative. This information is commercial in confidence, and cannot be disclosed.
--------------------------
And as I suspected Castlelake was behind the new strategy.
Page 11
The valueadd strategy is essential and it is this vertically integrated model that we understand Castlelake are conducting due diligence on.
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