Other graphite companies in Tanzania and Moz diversified, obviously a desperate move but better than flogging a completely dead horse. Non equity Finance for TON is never going to happen. It’s been talked about for years and the security issues at Ancuabe have finally closed the door. The second tranche of the placement is obviously not happening, the Chinese stay and the long slow death continues. Have a lovely day
Ann: Ancuabe Graphite Project Update, page-22
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