Ann: Trading Halt, page-148

agree to most of your points - or every point...

we were hoping for the plant to get built via the equity route a long time ago... but at 10-15c sp the dilution would have killed us for good... now we are at $1 (not using the German trading yesterday which I should ) and the big equity raise is now at 60c...

at previous price range, the equity raise would have been at 10c max and I am not sure if they could ever raise $50m..

now I hear that every cent was lapped up by the investors in matter of minutes... not a bad outcome...

and ofcourse there is a dilution, but a fraction of what we would have got if this was done just a month ago...

this ensures that the plant will not go ahead and in this day and age the first to the buffet gets the best seafood... we can get to the finishing line at the very early age of this boom now...

if we can now sign up a couple of offtakes and if one of them is with a battery major or any EV darling then 60c could like the bargain of the century... or even the $1.25 odd that the Germans paid last night could be heavily in the money...

NOW it all depends on AS and the team to deliver... if they can build the plant WITHOUT delay and WITHIN budget, we are on to a winner...

US trading could add a few more eyeballs on EGR...every bit counts and we will need a few strokes of luck now in the form of graphite price hardening further and our offtakes to turn binding quicker and maybe even Tanzania coming back in the view...

I am not happy with the 60c price tag but hey, we are on the way to production now with certainty... EFA can take its sweet old time...