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While this update contains some additional detail on the expansion strategy there isn’t much in the way of news on what the market is looking for and I felt this was a poorly drafted summary overall. The key point is that financing discussions are apparently at an advanced stage but no additional detail is given while there is no clarity on current run rate production and profitability with the report focusing on the ‘macro’ news of China graphite restrictions that is outside the company’s control. Operational progress continues to be made but the communications remains frustrating particularly with a new director recently on board that should have had a positive impact
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