All the signs were there: A long awaited move to production, a long period of silence broken with news, a financing near the 52-week low that the largest shareholder was buying most of… Ceylon Graphite (CYL.V) wasn’t exactly making a secret of the fact that the rubber was hitting the road for them over the last month. And neither were we.
No resource, no multi-million dollar raise, no problem. Ceylon Graphite (CYL.V), which has taken the unusual (in mining circles) decision to just freaking start digging, rather than go through eight years of behind-protection, triangulation, and capital raising first, is up 20% today as the first containers fill with graphite and execs chase down end user agreements. With stock selling for just $0.06 a few days ago, volume has increased and buyers are being found, leading the stock to $0.095 at the time of writing.
One of the things that pisses a lot of investors off about the resource sector is, the confluence of events most investors are looking for - revenues in and a smaller amount of expenses out - you know, 'actually doing business' - rarely occurs, because so few resource deals ever move into actual production.
Over the last few years, we’ve shivved a lot of terrible companies trying to pull a fast one on investors and, almost always, when we do, we face a few weeks of abuse from that company’s faithful.
It’s been an exhilarating year for Ceylon Graphite (CYL.V) and its latest findings in Sri Lanka promise to keep that excitement rolling.
Prior to 1972, Sri Lanka was known as Ceylon. Its most famous export, Ceylon Tea, was known globally. Its marketing slogan: ‘the finest tea in the world.’
600 mega-rich “buy-side” investors controlling $1.1 trillion in assets, descended on Hong Kong last week for the Asia Mines and Money conference.
There’s so much happening in Quebec in the areas we cover I thought it best to cover each one as it’s own thing (no pun intended). This piece is a look at some interesting selections in the mining news and will include my patented short summary and translation of the juicier bits.
Good morning and welcome to the latest Quebec update where I take a look at the french language media coverage in our areas of interests. In the time since my last update, the Quebec weed scene continues to lurch forward, and things are looking bright for graphite and other mining prospects in 2018.
The Hills (Lake) are Alive with the Sound of Graphite. Berkwood (BKR.V) keeps intersecting dat graphite.
Today Berkwood Resources, (BKR.V) announced some really good news about their drilling operations in Quebec.