Do short sellers know something the market does not? Or are they righlty attacking the share price due to a lack of clear and concise commitments from the board re: pricing and when they will get to US$400 a tonne production cost?
samples have been sent out in January 2019 from the battery anode plant in USA but customers take time to test the order and see if they are happy and place orders. And we still have no clarity with pricing and costs for that plant either.
so yep, vagueness of the board led by Mr Verner has given ammo to the short sellers. Smart boards give commitments and clarity and deliver on them. They have been Vague and not delivered so far - e.g. fire last year.
if nothing happens soon, only hope is a takeover, which maybe the short sellers strategy - push it way down to pick up on the cheap. Hmmm. Equity theft. Current market cap. Is $440 million. And $60 million in cash and no debt. I reckon $2.30 could this gone. Too cheap too.
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