So let’s flashback over July where during the month of July share prices of GraphiteBlog sponsors were down an average 10.18%. As always, our monthly change in share price chart is below, but in two lines or less, here’s the quick summary: shares of Flinders Resources Ltd. (TSXV: FDR) were up 12.03% on news (July 9, 2012) announcing drill results from the five additional holes of their 47 hole drill program at their Kringel deposit in Sweden. These latest results continue to confirm historic grades and extend the mineralization beyond the limits of the historic resource area (read more).
But news releases and drill updates can’t always be used as a proxy for share price. In July, Standard Graphite Corp. (TSXV: SGH) had three significant news releases and instead of being rewarded they received a ‘smackdown’ of 16.67%. Makes us wonder — is anyone out there? Does anyone care? Earth to investors, get back into the game…there is a live one here.
- Standard Graphite Initiates Exploration on Mousseau East Property (July 24, 2012)
- Standard Graphite Discovers New Graphite Trend on Little-Bryan Property (July 11, 2012)
- Standard Graphite Confirms Significant Conductor on Notre Dame Property in Southwestern Quebec (July 4, 2012)
Zenyatta Ventures Ltd. (TSXV: ZEN) also provided an update on their Albany Graphite Deposit (July 16, 2012) and confirmed that two graphite samples were submitted for analysis (read more) and they were knocked down 10.42%… Are you kidding me?
It’s clear that graphite projects continue to advance despite the weak performance of share prices but how have other graphite markets leaders performed in July?
The shares of China Carbon Graphite Group Inc. (OTCBB: CHGI), went from USD$0.47 (July 2, 2012) to USD$0.41 (July 31, 2012), equivalent to a 12.77% drop in share price. China Carbon Graphite is the world’s largest wholesale supplier of fine-grain and high-purity graphite in China and one of China’s top manufacturers of carbon and graphite products. Northern Graphite Corp. (TSXV: NGC) shares were nuked by 40.57%, from CDN$1.75 (July 3, 2012) to CDN$1.04 (July 31, 2012) — clearly we are not alone…
So we asked the asked the expert, “Mish” – what is going on? We did two interviews featuring Mish, Sr. Editor and Founder of the internationally renowned Global Economic Trend Analysis (GlobalEconomicAnalysis.blogspot.ca), titled, 2 Part Series Featuring the Economic Rock Star “Mish” on the Euro & the Debt Deflationary Crash. Mish gives an overview of the global economic conditions and references recent economic developments in the US, Italy, France, Germany and Spain. He also speaks about the Euro and the US export markets.
Here’s our monthly change in share price chart for GraphiteBlog sponsors between close of market on Tuesday, July 3, 2012 and close of market on Tuesday, July 31, 2012:
Looked at numbers this morning on our site, and we are above average…meaning one thing…someone is watching.
Disclaimer: All companies in the above chart are GraphiteBlog sponsors.
*Historical share prices taken from BigCharts.com on 2012-08-01.