Personally i think tbe lack of interest in mrf are due to the following:
1. Lack of jorc and resource definition due to nature of graphite in veins - probably reason finding it difficult to execute off-takes (hard to sell something when u truly arent sure of what or how much u have).
2. One of many graphite stocks that, unlike some, just dont create headlines.
3. Political uncertainty
Mining license is one hurdle but the real test is in what these shaft will produce. Once mrf gives market confidence the investors will find it attractive.
From ta perspective nice consolidation. Volume is the key though. Watch n wait.
MRF Price at posting:
5.7¢ Sentiment: Hold Disclosure: Held
