Ann: Graphex secures Chilalo mining licence, page-10

GeoDrill no disrespect but I think to say that "this is basically completely de-risked now" is simply not correct. Well done to GPX for getting the mining license, but this wont make much difference to the SP - the real issue is finance and offtake. This is why the stock has been drifting lower, as seed investors gradually lose patience. Yes GPX are talking a good game on their negotiations with the Chinese but the reality is they are way off their original timeline and we still have nothing concrete in hand. Any sign of uncertainty on the Chinese side and this will drop like a stone. Sorry to say this, but I have seen it before. I remain optimistic, and I agree this story has the potential to shoot the lights out.