GREY:ABGPF - Post by User
Comment by
vessobon Mar 12, 2016 12:50pm
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Post# 24651656
RE:RE:RE:AGM?
RE:RE:RE:AGM?Makemoney4 ... I just noticed your question and thought I'd share a few more comments that CEO Don Baxter made regarding financing ... He said a private placement was not the only way forward, and intimated two other options were possible, although he did not elaborate ... Which gave me hopeful pause ... He recognized the market is a very tough one to raise money in .... But the most stunning statement from him in closing, as I mentioned before was "We will not let you down" ... Which I thought was very sincere.
The other interesting discussion we had was about the cost of synthetic graphite vs natural graphite ....my contention was that synthetic graphite should be much cheaper now that oil prices are so low ... And that the economics for natural graphite would thus be less favourable ... But CEO Baxter's response was both fulsome and compelling ... He contended that there has been very little effect on synthetic graphite prices with the drop of oil prices ... But the added performance advantage of natural graphite is enough to make it the compelling choice moving forward for all battery makers.