I have seen many retailers here rant about management having money and they did nothing. By nothing, they actually mean the Kwinana plant was not built. I agree it is true. At the same time, also look from the perspective of decision-making. When Tanzania was struck in the pending decision phase, they thought of building Kwinana as a plan B. Last year, they would have seen Tanzania being sorted out and might have thought of focussing on Tanzania again. They got the license and things are shaping up well. A patent is going to be sorted out soon. They have done work on recycling but for some reason, the updates are not coming. Maybe because of the Patent, I don't know. More importantly, we have seen shorters closing positions and moving elsewhere. we have also seen that the sp moves quickly when news flows. In short, in my opinion, I can see things moving on. Need to wait.
EGR Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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