Ann: Change in substantial holding from CBA, page-46

If you are unable to find your own bone with EGR at this point in the company's trajectory, you are beyond assistance. Considering the unique position of the company at the forefront of the burgeoning BAM sector with three business streams all on the cusp of major development, investment here is a no-brainer. I hope you are merely down ramping, albeit poorly, as the alternative is far worse.

Why would EGR need to specifically "transport graphite from India to Perth"? You are clearly confused. Far more likely that any future India link will involve the shipping of SPG from Perth and, in partnership with SungEel, provision of black mass and production scrap recycling capacity.

Previous testwork has shown the proprietary SPG flowsheet to be suitable on graphite feedstock from deposits around the world. Yes, natural flake graphite mining is currently dominated by China but this will change rapidly as LIB producers are required to commit to greener, transparent supply chains. Technografit is of course capable of supplying feedstock to the Kwinana BAM facility.

Further research has led you to "multiple Chinese entanglements in Tanzania"? Enlighten us. Are you aware that the EGR BAM business stream is effectively independent of Epanko development? Hardly a critical supply chain risk. It's clear at this point in time, considering the slow pace of progress in Tanzania, that Kwinana will be up and running before Epanko anyway.

Perhaps you ought to GOOGLE a little more than electric cargo ships.