Good morning @lectro ive spoken with AS, after the signing of the agreement with the Tanzanian Govt, et-al. Basically to congratulate and find out about funding for development. That is part of whats going on i understand as indicated in previous announcement. He indicated that getting the infrastructure from Tanzanian Govt side and contractors in place was currently paramount for a good deal of the infrastructure on-site at Duma Tanzgraphite mine site. A lot of unspecified works are going on in background and im not sure if this is oart if the current yet to be announce next Quarterly Annie's.
The company I understand is waiting on cash from split of Nickel assets and COH and KFW funding to be finalised. With current EU pressure on to secure Graphite resources there must be some announcement as to that outcome.
I don't know when that's happening, but I know that a lot of background work to get the electricity to site, bridges completed for site works to begin.
No, I'm not ramping, im only trying to answer your question. As i said to the Directors at the AGM that this meeting result will put you on notice, next meeting could force a spill.
Your time is limited by shareholders now to bring something to frooition. Next AGM is your deadline.
I said it's up to the Board to deliver. It was all said "Respectfully", and no bad malice was expressed.
I'm still firmly of the belief that EGR is a quiet accumulating stock presently.
i belive when the Board announces KFW funding, stock will move more positively, all in my opinion and not to be interpreted as financial or insider knowledge. If you ring, im sure you would be told the same.
cheers
EGR Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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