Alabama Graphite Corp. Com ABGPF

RE:RE:Burn Rate?

[Joseph_K]

Don't get me wrong, I like ALP.   I think the Tesla dreams are pie in the sky for at least a couple years, but I really think they have a shot at becoming real down the road.

This pilot project sounds like it might have a high burn rate.   The last raise wasn't very big, and as you say, in June they had $1.2M left.   Plus with the extra cost for the PEA (due by the end of Q4 right?), I would expect another cash raise would be necessary soon.

However, the 50% recent jump in the share price makes me wonder what is going on here.   Is some manipulator pumping it up to unload before tanking the share price for the next raise (the usual pattern right?) or is ALP about to get back into the .30s by year end due to a fantasically great PEA?