Q: Peter and His Wonder Team
Focus Graphite hit $1.78 in 2011...this year it has crashed from $0.69 to a new low of $0.16 today. I know the board dismissed there chief officer recently and they may not have the funding to begin production. Why do you think the stock is crashing? Is it lack of funding,inability to get the mine operational,poor management or all the above or am I missing something? It is my understanding that they have a quality asset and they have agreements for advance orders. Just based on there assets is this stock worth $0.16? So how would you rate its value...high risk?...a penny stock?... gambling?... or a fair long term contrarian buying opportunity?
Thanks as always...your insights are invaluable to retail investors!
Dr. Ernest Rivait
Focus Graphite hit $1.78 in 2011...this year it has crashed from $0.69 to a new low of $0.16 today. I know the board dismissed there chief officer recently and they may not have the funding to begin production. Why do you think the stock is crashing? Is it lack of funding,inability to get the mine operational,poor management or all the above or am I missing something? It is my understanding that they have a quality asset and they have agreements for advance orders. Just based on there assets is this stock worth $0.16? So how would you rate its value...high risk?...a penny stock?... gambling?... or a fair long term contrarian buying opportunity?
Thanks as always...your insights are invaluable to retail investors!
Dr. Ernest Rivait