HXG 0.00% 2.1¢ hexagon energy materials limited

not wanting to poo poo our peer SYR but wow they arent what they...

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    not wanting to poo poo our peer SYR but wow they arent what they said they would be. any graphite over supply argument can be easily squashed now. sure there is plenty of graphite in the world but most of it is hardly commercial. whether that is logistics, country risk, capex, opex or the more important metallurgy / flake & trying to line up all the stars wow its not easy then finding a graphite project. flagship SYR meant to be the biggest in the world cant do it......

    great that they have funded $600m via the market but that has been built on lies. lets look at their current facts

    Current production guidance is 135 -145kt V Tolga flooding the market with 400k !! Basket sale price US$570/t V Tolga at least $1500. They have ongoing product problems (fines v flake) V Tolga huge flake cap. Cash cost US$450/t = AUD$640 and i suspect HXG will get there too V Tolga cheapest graphite producer in the world.
 
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