Great Lakes Graphite Inc GLKIF

RE:RE:Quiet

[alphatrades]

Since Matheson's plan was aborted, I would like the management to issue a new longterm strategy. Is GLK still in the business of processing graphite or is it in the business of only distributing it?

If it is the latter, being a distributor certainly doesn't lead to the same margins than processing and selling graphite. More details should be given on the period covered by the partnerships and the pricing charged to GLK by those partners.

If GLK is still in the business of processing/selling graphite, I understand the difficulties related with the customer acquisition and the qualification process and the need for such partnerships. I would however like to see a longterm plan to bring the processing in-house which is highly unlikely right now since why would 2 large graphite processing companies help GLK to achieve a position which will establish it as a future competitor/threat to them?

When I first invested in GLK more than 2 years ago they planned to be a simple graphite mining company.
 In that timespan the company managed to move its business plan twice up the production process from raw material producer to processor to wholesaler. I would like to see more consistency from the management in the application of their plan and the establishment of a longterm plan that would lead to more value appreciation for the shareholders than a wholesaling business model. I would like the opinion of everyone on this and I hope that the management will come up with a long-term plan where they can be both the processor and distributor of graphte related products as originally intended.