As shareholders why wouldn't we be happy? The expenditure is, afterall, behind us.
Perhaps that is why this fact is mentioned in recent reporting. EGR needs to impress on financiers, the Tanz Govt, prospective offtake partners and collaborators the amount of money that has been invested in the project by the company... and not so much the likes of the Topoes of this world!
Its a testament to our management that of our registry still only has 500 mill SOI without a single price consolidation. Thanks for highlighting that fact, Topo. $45m spent on a vertically integrated graphite project that is development-ready with $30m in the bank, US-patent for BAM tech, the largest development-ready graphite resource in Africa, German KWF bank about to financially back us with a loan and all with a Mkt Cap of less than $89m.
You really are clutching at straws, Topo. Enjoy the rest of your day.
EGR Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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