Ann: Change in substantial holding from MUFG, page-19

So much to talk about here. I will just start with a couple.

Firstly, good point on Epanko and the shorting. I would just add that the raising of significant money may have more easily enabled the shorting to begin. Therefore the possibility that it could still be linked to Epanko. Anyway, enough about shorting.

The partnerships you mention, I have been thinking the same. I am clearly bullish on EGRs future. I look at other companies that have partnerships with POSCO and think they are inferior to EGR. So surely it would come if that is what EGR wanted. Maybe the delay is down to EGR. I believe we might have bigger bargaining power on any such deal due to our further progressed project than our peers and significant money in the bank for development. I think this equity investment could be linked to the need for funds for Sweden.

Would be great to get some news on the recycling front. I won't speculate on that one just yet.

I think partnerships will be some of the bigger Ann's this year for EGR. One of the pressos slides alludes to it recently as well. Instead of just finance for the year, it stated during 2022 - expected partnerships and finance. It was even on the bookmark lol. Don't believe everything I read but I hope it eventuates.