Why could EGR not hold its initial gains today? Because LTH recognized that 8 years ago EGR was in a similar situation an only 2-3 steps away from financing. Also at that time the KfW tried to guide EGR through the process and required missing paperwork like a approved plan for the RAP. EGR at that time was too slow and the Black Swan came over them.
Also today there is nothing sure, because if you read carefully the ann. " it has received notification regarding the Preliminary Review of the German Government Inter-Ministerial Committee" you recognize that EGR has not yet received guidelines and tasks. Yes EGR is eligible to receive the credit, but before it has to deliver all paperwork and fulfil all tasks which will be identified during the preliminary review process. Keep fingers crossed, that they are faster and more accurate to follow the Todo list of IMC.
EGR Price at posting:
10.0¢ Sentiment: Hold Disclosure: Held
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