graphite potential near ser and axe map, page-9

Someone took out 14c today as well Pinch. 300 grand or so.

I agree with you. This is a sleeper, with a lot of potential. Well you only have to read my other posts to see that!

IO is a bit on the nose at the moment with the supply overhang prediction. This predicted over supply may or may not eventuate. But one thing is for certain: demand is only going to increase. Prices may well come off a bit in the future but not dramatically unless China implodes.

I guess that the SP is languishing because (a) the last round of drilling results was 'very good' but not 'outstanding'. Also, once they've ticked the boxes (permit to mine etc) the the mine would come online roughly the time the supply glut is predicted to start.

But as I have said (as have others) several times, this is all about proximity. Add to that good management, cash at bank, other potential resources/minerals (gum flat is what this company is all about at the moment) and you havre a solid company that is derisking slowly but surely.

I don't see a great deal happening with the SP for the next couple of months but I have banked quite a lot on the fact that either a Chinese or India co. will take over LML or get involved in some way, or they will get the mine up and running in due course (the former more likely IMO).

By the end of this calendar year, we should be laughing. But no need to look at the SP every day, or even every week. It'll take a little time.

Good luck. My first entry point was in the 20s but I have bought a fair bit at these bargain basement prices as well.

Good to have you onbaord Pinch.

cheers

Steve.