Buying the dips has proven to be profitable. In the last 2-3 months we have seen repeated moves 16/17 to 19/19.5.
So while we wait details of Offtake partners. What to expect in the meantime.
If you attended the recent roadshow you would have learned some specific details.
1. There is a current drill program with two rigs RC and diamond . These are targeting existing anomalies. This will expand existing reserve/resource to demonstrate a 20 year mine life, mining volume expected to be over 3 mill tpa.
2. When asked if the quality of ore was consistent over all areas . The answer was both yes ,remarkably in both grade and metallurgy .
3. When will see a next report on proceedings..? Notice of AGM probably first (now arrived). We are awaiting further met results and outcomes from those companies we have supplied material to.
4 Q where are those tests being carried out...? in EUR, China and USA are participating, results are imminent.
5. These results cover expected graphite and graphene both which have exceptional characteristics.
6. On directors recent purchases . It was stated that they in tendered to purchase more,particularly Charles..
7. Such extra purchases were now on delay due to director lockout (ASIC requirement). Cannot purchase if important knowledge is close by.
8 Sale of Korean asset would produce funds to BFS be completed
9. Good old recovery $$ from China Hengda still possible . noted that Charles has good HK and China experience.
this is a small positive but I am considering any return to be a unexpected bonus.
IMHO we are trending well and expect some real positive developments soon. Well before the AGM
IMHO all is on track to a
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