International Graphite Limited
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International Graphite Limited (IG6) is into the development of a Western Australian vertically integrated ''mine to market'' graphite business focussing on the exploration and development of the Springdale Graphite Project in Hopetoun, Western Australia and the development of commercial downstream processing facilities in Collie, Western Australia that would treat third party concentrates and concentrates from the Springdale Graphite Project to produce industrial and battery products including battery anode materials for the global lithium-ion (Li-ion) battery industry.
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What does International Graphite Limited (IG6) do?
International Graphite aims to be “Western Australia’s first fully integrated mine-to-market graphite producer” and a “future supplier to the global battery minerals market.” This mineral explorer based in North Perth is specifically focused on processing, treating and producing graphite products.
Having acquired the Springdale Graphite Project from Comet Resources (CRL) in October 2021, International Graphite intends to further explore and develop the area of approximately 180 square kilometres. The project is comprised of two granted exploration licences and a prospecting licence.
The company is also in the process of establishing a pilot plant and research and development facility at Collie in Western Australia.
International Graphite is a dual-listed company. Besides the ASX, it also trades on the Frankfurt Stock Exchange (FSE) under the ticker symbol H99.
Is International Graphite a profitable company?
No, the company is not profitable at this time.
In the company’s FY2021 half-yearly financial report, International Graphite announced total comprehensive losses of A$1.13m loss for the year ending 31 December 2020 and A$471k for the year ending 31 December 2021.
As the company only debuted on the ASX in April 2022, International Graphite’s financial data is limited.
Is IG6 stock a buy?
Some investors believe in the long-term potential of battery anode materials and International Graphite’s ability to deliver them. Within three weeks of its 7 April 2022 debut on the ASX, the IG6 stock price more than doubled from A$0.20 to a high of A$0.46.
However, on 26 April 2022, the company signed a non-binding Memorandum of Understanding (MoU) with ZEN Energy to collaborate on building a renewable energy supply at Collie. The announcement did nothing for International Graphite, with the stock closing at A$0.035, down from its market open price of A$0.455.
While investors appear to be bullish on IG6 stock, others may be wary of the company’s financials and the infancy of its projects.
How do I buy IG6 stock?
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Does IG6 stock pay dividends?
No, the company does not pay any dividends at this time. The company has not declared any dividends to be paid in the future.
Who owns IG6 stock?
At 58.8% of the total float, the vast majority of IG6 stock is owned by the general public. Beyond the public, Comet Resources Pty Ltd is by far the largest owner of IG6 stock, holding 24.22%.
Individual insiders hold 14.3% of shares. Some insiders with significant holdings include Executive Chairman Phillip Hearse (10.44%), Non-Executive Director David Pass (1.92%), Non-Executive Director Andrew Worland (1.21%) and Proposed Non-Executive Director Matthew James O'Kane (0.73%).
Other shareholders include Peloton Capital Pty Ltd, Asset Management Arm (1.45%), Pamplona Capital Pty Ltd (0.86%) and Battery Limits Pty Ltd (0.33%).
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This does not constitute financial advice. You should do your own research before making an investment decision. Past performance is not a reliable indication of future performance. No representation is made as to the timeliness, reliability, accuracy or completeness of the market data provided.