Alabama Graphite Corp. Com ABGPF

RE:RE:RE:Proper Valuation and exchange

[Realist2018]

Westwater could soonest benefit from work toward discovery and promotion of that.  Its shareholder audience still remembers it as a uranium play.  Its lithium properties are early grass-roots, however a few drill holes could quickly change that, one direction or the other.  That’s easy drilling and it might have something to report before shareholders of both companies vote on March 30.  Keep your fingers crossed.
 
As to 1), Nasdaq’s cure period following a notice of share price deficiency is long and the method Westwater has elected in the past is a share rollback.  I expect it will do this again if it must.
 
And to 2), it would be nice if CSPG were to receive a better offer.  However there’s a bit more headwind against that than you mention.  At Westwater’s option, it can convert the $2MM advance into nearly 23MM new shares of CSPG.  And Westwater is also entitled to breakup fees, up to $1.5MM.  Not poison pills, but enough to present a bad taste to a new suitor.
 
Also, near as I know Westwater is the only third-party who has seen CSPG’s flowsheet and technical data used to convert common flake graphite into high value CSPG.  Keeping that quiet was a competitive decision, but now the lack of detail hampers alternative interest.