Please post here any commendation on the current share price for the week.
At the start of initial Tuesday Trading, we saw:
- Buy orders as high as 0.37, with many orders trading over 0.32 during the opening/morning, pre 11:30;
- I expect the price to drop slightly for another few hours, as holders wishing to exit come online ( though as I type this the price dropped to 0.32 then back up to 0.35), hence, stabilisation might end quicker than expected;
- Evening stabilisation expected;
- My current minimum estimate SP value is at around $0.7
- Without being conservative, I have a SP value of $1.5+ AFTER mining license is granted
Letter from management detailing key points:
- Analyst coverage to be posted on the website from Pulse Markets (Chris Baker), Palladion Partners (David Greenwood) and RM Research (Guy Le Page).
- Not only does Chilalo have a very large proportion of coarse flake graphite (> 180 microns), it has demonstrated through testwork conducted by China Gold that it has market-leading expandability
A key point to ponder one:
- Soon after listing, we expect to make our application for a mining licence at Chilalo which is expected to be granted in the coming months. This should allow us to finalise any agreement we are able to reach with China Gold / CNBM and set Graphex on the path to developing and constructing a world-class graphite mine in Tanzania. Given the proposed small-scale operation, Graphex anticipates a rapid development timeline that could see it become one of the first ASX-listed graphite projects to production.
Good Luck to All Traders
DYOR
GPX Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held
