Ann: Feasibility Study Update for Bunyu Graphite Project Stage 1, page-20

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Tassy3

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14/08/23

13:26

Post #: 69325759
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Originally posted by possum2: ↑

mrwalker,

What the revised study showed to me, is that the economics are still very sound, which is the most important ingredient when painting the picture to those who are willing to fund the project. No one is going to lend the necessary funds if it doesn't stack up. The lack of buying is due to the markets reluctance to actually believe that funding will be achieved.
Given the history of not getting the job done as far as funding is concerned, I can understand the market not being convinced.

What I would like to see is the Tanzanian Govt stepping up to the plate and declaring that they will do all that is necessary to help advance this project.
They are very keen to put their hand out and collect a percentage of the profits. You would think that they would be doing everything they possibly could to make sure this things happens. It is certainly in their best interests. Or maybe I am just being too logical in my thinking.

The seller who came on to sell 13 million shares at 1.2c was obviously trying to shake the tree and hoping that there would be an avalanche of selling down to 1.1c. Who puts that amount of stock on for sale when there is already 6 million in front of him and only a few million buying at 1.1c.
The short answer is no one . He was never going to sell that stock so why even bother. I have noticed that he has now cancelled his sell order.
Surprise surprise. I would have loved for someone to have bought him out with a 20 million buy order.

As you alluded to mrwalker the next 6 weeks will be interesting, and many will be crossing their fingers and toes that funding is finally secured.

Cheers.

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Nice summary.
You refer to Tanzania government, what about our Chairman doing something with Government he is in fact as claims Tanzania businessman with strong connections. He be better off doing something positive with Government and his connections rather than blocking folks on Twitter when doesn’t like the questions.

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