Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Huge over reaction to the results. Yes the growth rate has slowed but certainly not in the doldrums. Small sells so assume it is PIs wimping out
Zwartkops, you wil recall that I have been as cynical as you about this share. However, things are different now. Phase 3 trials are progressing well and there is now a clear path to value creation. Not sure second phase 3 trial is that much of a factor. If the first one is successful then the door is wide open to a deal.
Some big buys today, positions in before trading update at the end of the month.
Probably, worst time to buy is after an IC buy as there is always as short term bump.
Must give dues to Ananda, his faith has been long suffering and great to see it rewarded. It has taken me a long time to regain faith in management after so many failures. However, organising a trial of this size is not easy and they seem to be pulling it off. Glad Ananda persuaded me to jump back in in the lows 20s. Thanks
Achieving the earnout a year early is a huge achievement. SP should be double.
The valuation prices in so much bad news that I can't see bad news dropping the SP further. Big question is, will good news ever convince the market that this is a great company. I suppose that over time the SP will have to grow as otherwise the valuation will become even more ridiculous. I am hoping for a big rerate. A PE of 12 would do nicely.
Trading update due later this month
Great news, sp will probably tank.
Degsy here you are. Few days ago you were pumping RBW but now moved on to your next victim. Let me guess, you follow the top risers board, pump the leader without any idea why it had gone up, make a few % if lucky and then move on.
Great company and well run. Been saying it for it for years, hopefully be true this time - next results should stimulate price rise...
Degsy, the high grade stuff turned out to be very narrow and not economical to mine. Most of it has been exhausted at a significant loss to date. There might be a world class mine out there but lots of expensive drilling required to prove it. Once found, it then will take substantial investment to get new areas up and running. Very long term hold required here.