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CSPGF FINRA Deleted Symbol
http://otce.finra.org/DLDeletions
"Westwater has acquired, through its wholly-owned subsidiary 114, all of the outstanding common shares of the Company in exchange for an aggregate of 11,625,210 shares of common stock of Westwater. Matching TSX"
Elcora is an interesting company. The mine lump graphite from Sri Lanka which is fundamentally different from flake graphite everywhere else. It has far fewer impurities because how it forms and occurs in very large flakes. The only downside is that the mines are very small and it is hard to scale up production on that type of deposit.
I've heard where they also have some properties in Canada but don't know anything about them. More than likely they are flake graphite deposits which are similar to all the other North American deposits. The only exception to that is Zenyatta's Albany graphite deposit. Zenyatta was a market darling a few years ago when it got hyped beyond any reasonable price. While the graphite they have is different from other deposits, they were putting a dollar value on it that was delusionally optimistic.
The fact that Elcora is working with Coulormetrics is a plus. Those guys are doing some interesting things regarding graphite technology. I'm less impressed with the graphene angle. There is a lot of research into low-cost graphene production and it's just a matter of time before somebody figures it out (you are just breaking Van Der Waal bonds). A very small amount of graphite can produce a huge amount of graphene. The big emerging growth for graphite is still in batteries and maybe desalinization.
Searchlight1, any input on Elcola ECORF. Took a position and from what i read the mmoney will be in who can purify the graphite to its highest perentage with low cost and make it perfect for batteries.
Alabama Graphite is in the process of being acquired by Westwater Resources. The decision is supposed to take place tomorrow so it is possible that Alabama Graphite will cease to exist shortly after that.
Eagle Graphite is a funny company. They mine at very small scale high up in the Canadian Rockies. Their resource is poorly explored and pretty low-grade. They would have a difficult time ramping up production with their current mill. I've never really understood what they want to accomplish. I've talked to management a couple times and didn't come away any smarter for it.
Graphite Energy Corp is an interesting player. Their stock has certainly been performing. Their asset is the Lac Aux Bouleaux deposit in Quebec. Here's the thing - if you look at their NI 43-101 Technical Report dated May 23, 2017, they don't list any resources. Factor in drilling, defining those resources, scoping studies, permits, dealing with First Nations and buildout, you are talking 5 to 10 years out. And that assumes the size and geometry of the deposit warrants production. Or that they could raise the money to put in into production which is the toughest hurdle.
I'm not sure why the market is giving them so much love. Do they have a 'proprietary' technique for turning flake graphite into graphene or coated spherical graphite? It seems everybody in the natural graphite sector either has a proprietary process or has 'magic' graphite that nobody else has. A few years ago Alabama Graphite announced that they found naturally-occurring graphene on their property in Alabama. Funny how they never mentioned that ever again.
One last caveat - it isn't entirely clear that you can use natural flake graphite for lithium ion batteries. I've talked to people in the battery business and they claim the limits on impurities are too strict for that to work. Individual batches will meet spec and others won't. Flake graphite is tough to get to 99.999 purity and the metals are the hardest impurity to remove. You definitely can't use flake graphite in nuclear reactors. Right now synthetic graphite is what people are using. Flake graphite is still what is used in electrodes, crucibles, refractory bricks, pencils, lubricants but the sales price for that is a fraction of what battery-grade graphite sells for. Trying to get the economics to work on a natural graphite deposit without producing battery-grade material is pretty tough.
Hi guys, been reading most of youre previous post, educational and informative. Just recently started trading and this is one of the sectors that i am looking into. Thinking of getting in on Alabama, Eagle and GRXXF.Graphine Energy Courp has been climing every day since it listed. So i am here asking some input on GRXXF, any input would be appreciated.
Context of link, hit post to soon. This video was emailed to those signed up for their newsletter yesterday.
I can respect that. Wastewater has done nothing but go down since the deal was announced. It is trading 20% below where it was. That just means that Alabama Graphite's shareholders get even less for their shares.
Too late for me
Even I really dislike the pompous wannabe at helm now.
Made that decision based on bankruptcy vs this Hail Mary deal
I don't know about any of the rest of you, but I've been getting a lot of contact from Computershare to vote my shares. Other times this has happened was when management thought the vote was going to be close and they needed all the 'friends' they could find to swing the outcome.
If that's the case, they clearly put me in the wrong column. I'm voting against and urge others to do so as well.
If they want an election, then let's vote out the current BoD and put up a dissident slate of candidates. One that will represent the shareholder's interests rather than management.
Westwater is NOT the only option! Vote AGAINST.
Don Baxter brought so much baggage with him that he needed a moving van. He never left a graphite company without hard feelings and/or threats of legal action. One of the guys I knew at Alabama Graphite says bringing Don aboard was the dumbest thing they ever did. They must have paid him by the press release.
They bullshitted their way with Ty’s storytelling skills.
Don has no charisma he’s not a deal closer. He should be confined to desk work in the basement
Let me begin by saying that I haven't torn apart their financial filings to see how bad a shape they are in. More than likely I'd get no farther how much Don Baxter was paying himself and Ty and Jean and the rest of the board. At that point I'd start hitting the Tequila.
However, I'm still of the opinion that there were other options - particularly after they got rid of the current group of ne'er do wells and brought in competent management. This company was doing okay until Don. Not great, mind you - Ron Roda brought nothing to the table. But Don rubs people the wrong way - not a trait you want in a CEO that has to make deals.
One option would be to do a reverse split and get the share structure back under control. This is still the only graphite deposit in the continental US. How is it that Graphite One in Alaska can get the state to kick in money to get that project moving forward? This is a strategic resource for the US, and Alabama should be enthusiastically pushing to help this along.
Who would I bring in to manage it? How about Tom Burkett of Ontario Graphite. He is a straight shooter and is interested in seeing his company be successful rather than prancing around like some narcissistic rooster. If Tom doesn't want it, than Ellerton Castor, his #2 at Ontario. For that matter, merge the two companies.
Right now I'm not convinced that Westwater is going to do anything good with the Coosa deposit. On the bright side, they have lithium which is currently hot. But what started out with so much promise in Alabama is facing an inglorious end.
The other choice would be bankruptcy by mr big shot wannabe ty his muse and Donnie that can’t hold a job and ever deliver
Got my proxy to approve this abortion of a deal. I seriously hope it falls through. This deal really sucks.
Seeing how Ty is now running the show, I would suspect so. He seems to have taken his Investor Relations training at Trump University where if you don't like what somebody is saying, threaten to sue them. I've gotten some choice little nasty-grams from him over the years.
Seeing as how Don and Ty and Jean were doing nothing but bleeding the treasury dry, maybe new management is the best of all worlds.
Thankfully my other investments are doing well because Alabama Graphite has been a complete turkey.
More bans and post deletions on stockhouse’s board!
Unreal they are running Alabama like a mom and pop shop.
Let’s see where that lawsuit against Ann-Marie will bring.
Ty if you are behind this, you are a low life degenerate.
When Don Baxter took over as CEO in December 2015 the stock was trading at C$0.16. Today it is trading at C$0.08.
My question is what exactly did Don Baxter do to justify all the money and stock he paid himself over the last two years? Or Ty Dinwoodie, Don's pet ferret? Or Jean Depatie or Daniel Goffaux who are supposed to be the graphite experts on the board but did nothing except rubber stamp Don and Ty's compensation packages.
It's been over 20 years since the Bre-X debacle. Yes, the reporting is better (although the Alabama Graphite PEA is full of ludicrous assumptions). But the people who run so many of the Canadian exploration juniors are as ethically challenged as ever.
Just tell me one thing - Did Don and his band of pranksters have clauses in their contracts where they get a windfall if the company gets bought out? If so, I hope it wasn't more than 30 pieces of silver. That seems to be the going rate.
Which is why I don't have anything to do with Stockhouse. There are a number of us who felt that Alabama Graphite had their in-house trolls shouting down anybody who questioned just how wonderful they are. Same thing on their Facebook page where any negative comments were taken down in a flash.
There needs to be a venue where people can question the "official version of reality" coming down from the C-suite. I only post on boards where I have a knowledge of either the industry or the company. And what I see over and over are companies who subscribe to the "mushroom theory of investor relations" - feed them manure and keep them in the dark.
There are some really good companies in the junior resource sector, but it is getting harder and harder to differentiate them from those who treat their investors like marks to be played.
Ouch if you posted this on stockhouse you would of got banned for 7 days. It’s such a disgrace that they mute everyone on there. So pitiful.
Don and the boys were always big at putting things out there that were divorced from reality.
The mining flow sheet shows the same thing. "Mining (no drilling or blasting required)". Nonsense. I've seen that rock and you aren't going to be able to rip it without doing some blasting. "Mechanical Separation (no crushing or grinding)". How do you separate the graphite flakes from even small chunks of rock without at least crushing it? When Alabama was producing graphite during WW2 they used roller mills to crush the rock.
Yes, the Bond Work Hardness Index is low for the weathered rock, but you still need to mechanically separate the flakes.
This is similar to their news release that they found naturally-occurring graphene. That would be the equivalent for finding the Higgs Boson, yet the geologic world ignored it because of how preposterous it was at face value.
There was a period where Alabama Graphite could've moved this project forward, but crappy management only interested in their own economic well-being got their claws into them. The whole "proprietary process" was just a smokescreen so Don and Tyler could collect their paychecks until there was no more money in the bank.
purification
Anybody remember PEA proprietary process for CSPG and Northern controversy?
Check out: https://view.publitas.com/the-assay/the-assay-battery-materials/page/34-35?dm_t=0,0,0,0,0&dm_i=4LP9,542N,21JLYR,JZRS,1
Alabama now say they use thermal purification so proprietary process does not work. I guess they forgot to tell shareholder. Nobody else use thermal, too expensive. What good FS with bad numbers?
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.cspg&postid=27220410#TvAV7E3H7mstBeuK.99
Based on the way the Westwater's shares are dropping, the market doesn't think much of the merger. And since the acquisition is strictly a share exchange, the more Westwater drops the less Alabama Graphite's shareholders receive in value.
On the positive side, Westwater Resources' team look to be a lot more professional than anybody with Alabama Graphite. All of Alabama Graphite's technical expertise resided in it's outside consultants. The only thing Don Baxter seems to be an expert in is self-promotion. Same thing for their board.
Sorry situation, for sure.
First time I've ever seen a merger where the acquisition candidate DROPS 25% in value as soon as the deal is announced. That whole Canadian Board of Directors for Alabama Graphite is a joke.
Time will tell......
Maybe. Maybe a white knight will rush in with a better offer (unlikely). Maybe Westwater Resources will be the better company to own (lithium looks to be a better bet than graphite right now). I'm just disgusted with the whole mess. Wish I had loaded my shares ages ago. Better yet, I wish I'd never bought any.
Maybe we can salvage so good from this?
The only silver lining to this dark cloud is that Don Baxter is out. Every former Alabama Graphite employee I know says hiring Don was the dumbest thing they ever did. A raving narcissist who seemed more interested in lining his pockets than doing something for the shareholders. Sad ending to what started out so well.
As are we. Best of luck to us all in 2018.
From everything I can see the shareholders are being totally screwed over. The deal was done at a discount to the current stock price. The only likely winners will be the management who will likely use the take-over clause in their contract to get one more payday after milking this for all its worth.
Let's hope so. Cautiously optimistic at this point.
Thank you for your response. We shall become more educated about this in the coming weeks. Maybe it is a good offer when debt and development potential is considered?
Every 12.5 shares of Alabama you get 1 share of Westwater. I think
I have no idea. Haven't really looked into them yet. They're listed on Nasdaq for what it's worth. It still needs approval on many levels for the next couple months. The nr also said Alabama is still open to receive offers from any other interested party. Hold or sell....what to do....
Is this a good offer? I am not making out on it very well. Is WWR a good stock to be in?
Stock was halted today. Anybody know why?
Anybody here know who the group was that did the hostile takeover offer a couple months ago? I heard to vague rumblings that it might have been a group out of Denver but I can't find any confirmation on any of the other Alabama Graphite Boards.
Thanks