The future for Chilalo Graphite • The following slide (from GPX) summarises the state of affairs for Chilalo. All liabilities have been securely ring-fenced within a separate company “Graphex Mining UK No. 1”. • Graphex is now committed to completing a transaction on Chilalo. In our view, Chilalo is a quality large flake graphite project, perhaps over-engineered (at the request of financiers) and unfortunately located in Tanzania (now an investment basket case). • For new GPX/MVL shareholders, in our view there is only upside from Chilalo. For previous GPX shareholders (and analysts), it is a lesson learned.
MVL Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
