Flanagan, page-17

I think the over riding observation in recent months is that finance is not easy to get on the terms one would like and no Company is imune from the general lack of interest in this sector at the moment...perhaps it's a little to early in the story...fortunately BAT is well cashed up currently...even producers with no debt are struggling...

As the charts show no graphite player has had it easy over the last two years and more so in the last 8 months, and its not just graphite...

Cheers Whisky