Alabama Graphite Corp. Com ABGPF

RE:lets discuss some critcisms of ALP !

[micromanager]

DoctorFouad excellent questions and its a pleasure to be on a board that actually passes on legitimate questions and concerns.  Since that article came out 2 weeks later Flinders announced cessation of operations due to low graphite prices which was a shock to me as I've been watching Flinders closely the last year and thinking about investing.  Graphite prices are low on a relative basis but not the stated $700 tonne low by Flinders and it's been due in general to pressure on all commodities globally.  Flinders had to update the release as per regulators and refrained from talking about prices.  They also only announced they will "look into the lithium ion sector" which they should have been doing since day one unless the quality isn't there.   I'm told Flinders had majority 94% medium flake that it was trying to sell thus the very low price.  If you ask Industrial Minerals all plus 95% flake graphite still gets USD $1000 to $1400 tonnne range depending on the percentage of purity - the higher the purity the higher the price.  And demand for graphite over the next 2 years will be driven much higher by the numerous giant lithium ion battery factories being built - not only Tesla but also in China and in Germany.  So prices today are lower but that will not be the case going forward - in fact now's the time to be planning and building a mine to service that demand curve that will happen.  Flinders also has a challenge in that they superseded their former PEA with a technical report which did not demonstrate economic viability in a commercial scale mill and mine.  So I still have a lot of questions about Flinders which I will reach out to them to try to find out and report back but as of now clearly they are on hold and will try to conserve cash.

Blaire Way the CEO of Flinders actually has no previous commercial graphite mining or milling experience and that may be why Flinders is failing.  Ben says "I could see it in production under another management team".  But who is better than who is in ALP today?  ALP has all of the North American commercial graphite mine experience in the last 40 years. There are many learning curves to producing graphite and the ALP team has the most hands on experience of any junior graphite company in the world which is now even more enhanced by Don Baxter joining.  I'd be interested to hear who Ben suggests. 

I asked Ron about not replying to Ben and he said that they weren't ready to discuss detail about graphene until they can file the IP - if you publicly disclose anything before filing a patent you can be challenged on the future patents.  I don't condone the way Ron led on Ben so I"m not happy with that.  With the addition of Don the delays in reply by Ron hopefully are over which I also didn't like and now should be corrected.        

I'm told by ALP management Coosa is the PEA because it has a very complete 43-101 in place which is required.  This way they fast track.  They are upgrading the 43-101 now with drilling and will immediately follow with PEA based on the updated 43-101.  However Bama will be better so if Coosa works out as expected it actually will only get better.  3% grade that's totally consistent with 95% plus avg is what I'm told by the ALP team is the target and all you really want for commercial production.  Then depending on the end use - ie. lithium ion battery anodes there are different processes.  If Jean, Daniel and Don think this is right deposit I'll believe it until proven otherwise. 

Insiders have been buying recently but I'd like to see more - that critism is well stated. 

I can't seem to find a better junior graphite investment option than ALP at this market cap although Flinders at this price is gaining my attention.  Mason was originally founded by Jean Depatie and he's not with them he's with ALP so that tells me something about that deposit must be up.   I'll reach out to management and let you know if I hear anything of substance.