Ann: Mining Application Lodged for Siviour Graphite Project, page-12

Isn't it amazing how a great project can still result in a low SP when there are questions about how management are perceived to be doing things.

I'm a long term holder and I see plenty of upside and very little reason to be selling at this point.

Interested in what others think but for me the drop is SP is due to the following -

- Recent CR being issued to larger holders and then the masses only to find that the price when issued to the masses ended up at a loss from day 1 and now approx 40% down.
- Lack of news regarding progress
- The big one being the timing of the bonus for DC and its content. Eg Lacking detail and criteria too easy.

If DC had have topped up around these prices I think the market would view things differently. I think DC is the right man to be driving this bus but his timing on this bonus is way off....I mean many holders have just been diluted and sitting on losses from the recent SPP which was only a couple of months ago.
I'm certain it will go through but I'm also fairly sure a message will be sent by the market based on the current SP move and from the vote if people actually put how they feel on paper. Next weeks meeting results will be interesting.

On the positive side -
- Land owner issue resolved
- High grade deposit
- in SA with great government support
- Ausmin acquisition agreed and about to be completed
- Starting to develop strategic partners in China
- DFS not far away
- Site in an area where water, power and transport are all available
-Now mining lease submitted.
- 8M cash in the bank which is almost 50% of the market cap!

Funding via a partner or debt would be a game changer

This stock feels like a loaded spring just waiting for a catalyst to let it free....