Eagle Graphite Inc V.EGA.H

Eagle Graphite Incorporated is a Canada-based company, which is involved in the acquisition, exploration and development of mineral properties. The Company owns the Black Crystal Graphite quarry. The Black Crystal Graphite is located approximately 35 kilometers west of the city of Nelson in British Columbia, Canada, and 70 kilometers north of the state of Washington. The Black Crystal Graphite is a constructed graphite quarry with production history in Western North America.

TSXV:EGA.H - Post by User

Eagle Graphite Inc

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Comment by TSX-Newson Jun 22, 2012 12:29pm

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Post# 20044427

RE: SUPPLY & DEMAND

In general what you say is correct. However we know APM has more holes outstanding, will be drilling two more above and below Hole 1 and 2, and has $2M in the bank, some of which has been spent but will provide them with enough cash to do a lot more drilling. This reminds me a lot more like DEC in 2009. Sure they disappointed and a lot of people have lost their shirt now but back then it was all about speculation upon what is to come and APM is in a similar situation except its during the summer doldrums so it's not as pronounced.

DEC price history in 2009. The pull back from a high of 48 to a low of 34 on very low volume is much like what we see on APM right now.

Date	Open	High	Low	Close	Volume	Chg	% Chg
09/22/2009	1.350	1.720	1.240	1.600	2,270,395	0.270	20.30%
09/21/2009	1.400	1.470	1.320	1.330	1,610,515	-0.220	-14.19%
09/18/2009	1.180	1.570	1.110	1.550	3,024,515	0.440	39.64%
09/17/2009	0.930	1.140	0.930	1.110	1,960,700	0.210	23.33%
09/16/2009	0.810	0.960	0.770	0.900	1,890,360	0.140	18.42%
09/15/2009	0.690	0.790	0.660	0.760	1,430,040	0.070	10.14%
09/14/2009	0.580	0.870	0.550	0.690	4,976,500	0.140	25.45%
09/11/2009	0.370	0.580	0.370	0.550	2,731,020	0.190	52.78%
09/10/2009	0.350	0.370	0.340	0.360	301,700	0.000	0.00%
09/09/2009	0.380	0.380	0.345	0.360	380,500	-0.020	-5.26%
09/08/2009	0.435	0.440	0.340	0.380	639,400	-0.050	-11.63%
09/04/2009	0.420	0.480	0.400	0.430	2,168,150	0.030	7.50%
09/03/2009	0.170	0.490	0.170	0.400	2,868,033	0.230	135.29%