GREY:GLKIF - Post by User
Comment by
AliMcKenzieon May 25, 2017 11:37am
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Post# 26282927
RE:RE:RE:Quiet
RE:RE:RE:Quiet
Management has no plan. They are doing everything by trial and error.
The Lochaber property is a dud. That is why they aren't spending any money on it. They have bilked the investors who bought flow through shares, because they won't qualify for the tax deduction.
They completely misjudged the size of the micronized graphite market, and built a plant at Matheson that they could not operate because they could not sell enough product to keep it going.
They have been generating headlines to make it look as though they are making progress with sales, but all they have done is bought a few tonnes of synthetic graphite and sold it at well below cost.
Now they are trying to become a trading company, relying on partners to process the materials. I don't see how they are adding any real value to the product, so where is the value for the customers and the opportunity for profit?