BASF is already in full force building the plant in Schwarzheide. EGR has a MOU with BASF, but not even started with the planning of a recycling plant in Schwarzheide. If EGR is lucky, they will finalize the recycling process and allow BASF the usage in the Schwarzheide plant. They may get some patent fee for ist and get a contract to supply some Epanko graphite when available in 2026 or later. BASF will not rely on single source graphite supply, and not on EGR because they now the history of EGR. That's the disadvantage of EGRs promises to build a graphite mine since 2016 which never came true up to 2024. And also in 2024 EGR will not even be able to deliver only one kg of graphite to anybody. So I hope BASF will use EGR process and pay some patent fee, so that there are at least some earnings available to pay the enormous management salaries.
The ann. was good for a 7% jump which will vanish till Friday. 14-15 cent area maybe a good shareprice to buy and jump of the boat with a 6-7% gain on the next ann.
Sell now buy later!
EGR Price at posting:
15.5¢ Sentiment: Hold Disclosure: Held
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