GREY:GRFXF - Post by User
Comment by
TheBridgeon Dec 03, 2024 2:56pm
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Post# 36343517
RE:RE:Hidden Gem Here
RE:RE:Hidden Gem HereTheBridge wrote: Zoolanders21 wrote: This company totally flies under the radar ... solid graphite producer in china with global expansion plans. not many people know that graphite accounts for 50% of the material in EV batteries. To boot, they have applied to be listed on the NYSE. Good entry point with solid growth expectations. GLTA.
Hopefully more people understand the amount of graphite in an EV battery. Need EV expansion and not the contraction that is currently taking place. Boys in the head office don't know where they stand and who is going to move this forward or when someone can move it forward. At the moment it's a dead duck in the water. Needs to be rescued.
Things have stalled here, for a very long time already. From my understanding China is stopping the sale to the US of critical minerals because of the US restrictions on semiconductors sales to China which are used in artificail intelligence. Graphite sales had already been stopped. Because of this anticipated action there was an attempt to purchase the plant in Michigan so that it would not be Chineese controlled, but that transaction was stopped dead in its tracks. Not willing to give away their investment and know how at the price offered. Looks like this gem might get buried permanently. It was a going concern at one time.