I am in HXG for a few reasons including MIN's free carry of the development as well as the fact that Tribeca, MIN and a few other big investors tipped in $7m recently at $0.19 in a heavily oversubscribed placement at a tiny discount to what the shareprice was trading at.
Nothing has changed for the worse since that capital raising, in fact things have probably gone better than expected including 5 Nines and also the exploration and appraisal drilling.
Ann: 5-Nines Graphite Purity achieved in Pilot scale sample, page-64
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