Yes it does paint a very different picture, doesn’t it?
The outgoings are of a project ‘that’s like a steam train’. Fuelled by money, not coal.
I’m not pinning this on you in any way. It’s very disappointing to all shareholders.
The fight for graphite has been won by China so far (and In hindsight I think ‘of course it was always going to go that way’). But I think the tide will turn quickly.
We can only hope the tide changes before our so far useless BoD and management spend the lot.
Ann: African funding specialist appointed, page-40
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