Where's the finance???, page-429

Kibaran was awarded a mining licence in July 2015, so here we are six, yes six years down the track and they have been unable to attain funding.


There is only one company that I am aware of that has gained bank funding in Africa. One would have to assume the Elpanko grade is just not up to scratch and with technology moving fast and a very long build time to get to market funding Epanko will most likely done through equity raises.

So with no way to value EGR as there are no figures in what you would think pretty low margin battery recycling facility on the other side of the world from most batteries you can only assume the pumping of this stock and the huge discount dilutive raises are going to continue.

The market is being primed to fund Epanko imo so looking forward to sitting back and watching what KNL/EGR do best. Pump and raise.