RE:who cares what happens short termOh well.
Those who chased that speculative stock with too much money probably feel the pain. They care about the short term direction of old Torch River. If they did their DD properly they knew that Saint Jean was basically a lab. Graphite is fairly common. Transforming it into a battery (graphene) grade economically is the tricky part. Saint Jean Carbon is not a mining company.. They could just as well let the graphite miners do the dirty job and buy their better raw material for transformation. imho,
Ogilvie was probably astonished at the reaction on share price of his "optimistic"nr. Had he known he would have worded it in a more "tone down" way. Too many investors buy before and ask questions after. It happens all the time.
Saint Jean is not they only "lab" buying graphite from miners. Elcora does too even if they have a small mine in Sri Lanka.