Some big sells today. Must be some of the old dilution gang offloading.
A Reminder of what we have here
This was a post delivered by Shaz on Wednesday. I remember thinking it was one of the best posts that day, and I'm sure he/she won't mind me re-sending it: Read very carefully and you may be able to work out why the company is heading towards the float price of 50p. Stratmin’s Madagascar operation will target production of a premium large flake product that is between 40 and 80 mesh (this measures the particle scale size and represents the product in the most demand) and 94+% carbon. The firm expects to be able to sell its product for US$1,400-US$1,600 a tonne, with extraction costs in the order of around US$500 a tonne. “Our graphite is located in soft rock and clay and unlike the material located in hard rock it is a relatively simple process to liberate, making it very cost effective for us,” said Sahney. “We think we are one of the lowest cost producers of graphite around.” Production is getting underway and the plan over the next two quarters is progressively to ramp up output to 1,000 tonnes a month. At this level the company becomes enormously cash generative – which marks it out from many other juniors on the AIM market. “We will be a world-class producer at 12,000 tonnes a year,” the Stratmin chairman said. “I think the quality we will be producing will be right up there. For investors they should be pleased that we will be providing revenues. This will be unusual for an AIM listed mining company.
RE: Why only 8% up
look at previous rises, think someone stated here earlier, true value can take a few days to be realised. see what happens over next few days. Atb Au
there willing to take
150k @9.7 .. there wanting your shares .. are you willing to give them up ? ... not me
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