Communication, page-360

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Siva108

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16/06/21

14:02

Post #: 53874942
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Originally posted by 564xxl: ↑

Fancy having to revisit this thread.

It has been 3 months of seemingly no progress on 4 projects. We know that's likely not the case but seriously Spinks, If you aren't up to the challenge of getting progress on these projects with 53m in the bank and operating in the hottest market on the planet....then frankly step aside and let someone else take over who can...the time has come for you to walk the walk or take a walk.

Recycling: 3 Months of no progress updates
Given pride of place and volumes of presentation space all year ...,.all those Gigafactories, European EV strategy relying on blah blah blah
But we still have ZERO idea if this is a viable much less profitable business line for us as no financials have been released.

Last Announcement about Recycling progress 16 March SungEel Partnership. 3 Months of no progress updates

Kwinana Battery Graphite Plant: 5 Months of no progress updates.
First Battery Graphite Plant anywhere in the world outside of China, Environmentally friendly, HUUUGE global demand
Last announcement :27 May Locked Cycle Testing complete
But still waiting on EFA funding to get this project viable
Last Announcement: 25 January EFA related. 5 Months of no progress updates...in the meantime EFA has given 30m to a Travel Agency ....yes a travel agency .....

European Battery Facility: 4 Months of no progress updates
Such huge demand for environmentally friendly Battery Graphite and such huge global demand full stop...Gigafactories everywhere need Battery Graphite and all European anyway want environmentally friendly, every factory outside of China wants sources of Battery Graphite from non Chinese...blah blah
Last announcement 25 February ...blah blah we are working with the German Gov and a Partner to find a location. 4 months No progress updates

Epanko Mine Tanzania: 3 Months of no progress updates
After 10 years of work finally Tanzania looks good and a mine approval should be announced as everybody finally has everything they need to approve it.
Last Announcement 10 March Positive response to Epanko financing: 3 Months with no subsequent progress updates

Seriously.

564xxl
PS. For those that say its just a case of waiting I say if there hasn't actually been any progress on any of these projects then we have to get rid of the guy who is in charge who seems to be good at presentations and conferences but not good at progressing projects when he has 54m in the bank, the best company and the hottest market globally. Pretty sure his role would be hotly contested by leading mining execs from around the world. And if he is working his asp off and it's the strategy that is wrong...then bring someone in that can change the strategy so partners allow us to announce them and we aren't relying on GOV funding.

PPS...Make the debate about progress above please not about me.

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I suggest you send this to AS to remind him of all his promises. He needs to update the market.

EGR Price at posting: 60.5¢ Sentiment: Hold Disclosure: Held
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Communication, page-360

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Communication, page-360

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