Can anyone suggest what market sensitive announcements may be in the pipeline in relation to EcoGraf Kwinana between now and the board's final investment decision due prior to the end of the June quarter?
AS told me a week ago that the current status of things between EGR and two government backed financial entities was confidential and he wouldn't elaborate except that things would become clearer well before June 30. In regards to potential customers in Europe and Asia he said that there were confidential expressions of interest but they were likely to remain confidential for fear of jeopardizing supply from the Chinese spheroidal graphite producers.
AS mentioned that a project manager had been appointed for EcoGraf Kwinana and that individual was overseeing all the pre development activities. I didn't ask but i guess that the project manager is employed by GR Engineering.
I'd be interested to hear what market sensitive announcements we can expect in relation to EcoGraf. My guess is as follows:
1) Completion of lease for Kwinana site in current quarter. 2) All permits including environmental in current quarter. 3) Finalization of equipment supplies following independent verification process in current quarter. 4) Binding offtake agreement for 5,000 tonnes without naming customer in early second quarter. 5) Financing arrangements - second quarter.
Can anybody elaborate on what incremental market sensitive steps are involved in finalizing finance? Is there time to have finance locked in well in advance of June 30?
EGR Price at posting:
6.7¢ Sentiment: Hold Disclosure: Held
