EGR has done nothing for a long time ?? I can easily guess you don't follow EGR. I won't go into details, just a couple. The Demo plant which is a big big big deal for RNU in the next 1 year, to start if lucky, EGR is already running for 8 months now. The patent which RNU is objecting to, EGR is already granted in US. The lab testing that SVM is doing now and telling that HF free is better, EGR did many years ago. The Feed study which IG6 published last week, I suppose, similar Feed study was done By EGR more than 6 months ago. When others diluted, like BKT ,EV1, RNU and others closed like MNS and WKT, EGR was smart to capital raise at 60c and survive with not a single share sold cheap. In short and in my opinion, EGR is ahead of any other Graphite hopeful at least by a year. On top of it, just have a look at the EGR low registry. If you even follow EGR in recent times, its SP increased from 7.9 yo 31 cent approx. Around 400%, why ? Because of low share registry. EGR shares trade in Australia and Germany, so large retail investor base.
you were right, RNU was way ahead of EGR in SP. What happened to RNU ? RNU already has hard cash and grants, but still no binding offtake agreement? In my opinion, RNU has a big flaw in the business model. I compare it to LRS. They were having cash too but ultimately sold out because they can't think any alternative to survive at low prices. Just ask your CEO, if graphite prices doesn't come down in recent times, then what's the plan? Don't justify all shortcomings by just saying stable country. All in my opinion.
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