If you read over the WSJ link you posted earlier it said that Sir Mick was frustrated by the governance of X2 Resources because it allow the investors to vote down any of the potential mineral proposals that were brought up for approval. Plus it was during the 2013 and beyond period when miners were in the can, but he may of been able to have gotten some ultra cheap deals.
Now, with NEXT he will be the Chairman and will have more direct influence on the direction of how NEXT is expanded and developed. I am looking forward to the potentially very positive ride as an investor, not a trader.
PS: and clearly the reason NEXT is outperforming the general graphite sector rebound is because of the Sir Mick Davis Vision Blue investment into NEXT. It confirms the quality of this mine holding and that it will be going into production next year and expanding quickly to Phase 2. These other little graphite holdings are just not at the same level as NEXT at all. I've known this for years, and this is why I am finally excited to see such a strong and experienced person now running the NEXT business. The timing is now perfect to leverage into accelerating EV battery manufacturing hunger for materials/metals......graphite. And eventually their vanadium.
PSS: what avg price C were you able to exit your position?
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