Originally posted by GT55
There’s a good chance another will be the first, but I’ve never been one to put a G play I don’t own down, I just comment on comments.
There are many comments here by holders stating if your first your in if your not you miss out, so maybe you should ask those posters why first is best. I don’t think it’s that big a deal given the looming demand for graphite across the board.
I posted a difficulty of funding comment here several months ago and was berated because of the Silk Road funding being in the bag, so I find in interesting to come back over here and low and behold no Silk Road.
I’ve been involved in funding 20 million dollar projects and know how hard it is and that was in Australia, this is in Africa and a relatively new industry and a country has just changed its laws.
Nothing is in the bag until it’s on paper and signed off as you have experienced. There are plenty of comments on here re funding. Management did give the impression that Silk Road was a possibility and I believe the preferred option until is has proven not to be. You are another infering funding is not available. Management were in the end correct and not lying, Silk Road funding was available, just not appetising at all as it turns out. I come back to my first sentence and plan B comments.
First to market can be critical in some cases but as you point out there will be plenty of scope for all to sell into a growing demand. However management are keen to be first to production and good on them for having that target. How much difference it makes I’m not sure but it is something management can put on a resume when looking at further funding for expansion or other projects. As you point out it’s getting funding in a country that has struggled to get its self sorted in a tight market. To say you were first to fund and to market in such a climate is quite the horn to toot at a later time.
Right now the another key point of difference between an off take partner looking at funding one or more of all that consort with them may just favor a company that can deliver product earlier than its compatriots, you never know what will tip something in your favor.
(20min delay)