Ann: Becoming a substantial holder, page-8

At the current SP the EV is AUD$350mil.. for the biggest established graphite mine in the world with amazing future growth and demand from battery storage and electric vehicles and even current uses..
the current SP is purely based on short term numbers and doesn't reflect any future demand or even BAM sales.
the current SP is literally a joke, but given the lack of buyers as they're being scared away buy shorters. This may keep going down until we get some better numbers next quarter. The upside to this is many people including holders will get an opportunity to top up and average down cheaply. So shorters aren't always the worst thing.