This is an ugly chart - talk about searching for a (proverbial)...

This is an ugly chart - talk about searching for a (proverbial) bottom - yes its been on low volume, and it's the EOFY tax loss selling period in a stock with very low liquidity, BUT, who do you sell to if this poor liquidity continues, for the foreseeable future ??
Like other graphites stocks, there seems to be no end in sight for this decline ... plan for the worst and hope for the best, would have one standing aside and or wishing that one had not grasped a falling knife .... as for the promise of a POSCO rescue, relying on vague off take commitments (which have 'no fail to deliver' consequences) is foolish - whatever investment POSCO has made to this point, is insubstantial, and nothing more than a petty cash outlay for POSCO, and one which they'll happily walk away from if it suits their commercial realities.

The continual under estimation of China, both technologically and market powers, by the world in general and America in particular is astounding ... although the IOUSA does get it, and thats why they constantly demonise all things China, and are determined to lock Australia and NATO (FFS) into a perpetual adversarial alliance against China, even though we are highly dependent on China as our number one trading partner (China trade = next 5 trade partners combined). China owns 'rare earths' and graphite, as it owns solar panels, EV's and battery production .. and they don't tolerate competitive resources and technology, unless they own it .....

How much can BKT problems be attributed to 'country of origin' difficulties ? this is surely now a secondary issue?
Leaving the stuff in the ground and not developing port, rail and other infrastructure, is surely not what the Tanzanian government wants ??
For those insisting on the "undeniable" "inevitable" adoption of .... graphite, lithium, nickel etc etc ..... remember, "the market can remain irrational longer than you can remain solvent" Smart money is NOT in this stock, and wont be till its a "lay down misere " ... IMHO.