The way I see it is EGR had the money but it didn't use it for a project in Kwinana. If the company sees a better opportunity then isn't it good that they saved it? I would be more concerned if they would spend it all and the business didn't go well. That's why I ask to see and understand why wkt is still near production, is not adding a single cent compared to the last 5 years. Compare EGR with any other company in the graphite business and tell me where you would have put your money in the last 5 years. If I recall, the president of Tanzania waited for all the time when the signing ceremony was going on. Why do we think, she was waiting there if there was no assurance of the project being taken off? Does the president have no other thing to do? All imo.
EGR Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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