Not to be the pessimist but I doubt EGR will ever get a nickel...

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Stirer

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22/03/23

18:51

Post #: 66907251
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Originally posted by Balduran: ↑

That was my read also @Stirer. If one was to take the tone of recent announcements seriously (hard to do these days), things at EGR are expected to get very busy very soon. Regarding perceived distraction by potential financiers - so EGR has demerged the nickel assets, but BOD will now be even busier in overseeing the work up...

It would make more sense if EGR were still Kibaran and solely focussed on Tanzanian graphite exploration/mining (as opposed to the advertised diversified global anode materials company). Of course a managing director or exploration manager will come on board to take care of the day to day. Just not a great look for a freshly listed nickel explorer to be mothered by Spinks and Pett - these greenfields explorers are always a long shot and typically require a heap of time/dedication/passion to come anywhere close to success. Maybe they plan to stand aside once things are up and running....

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Not to be the pessimist but I doubt EGR will ever get a nickel project off the ground in Tanzania. The outlay for nickel processing is way too high for a junior and would have no hope raising that amount in Tanzania imo.
It would more likely be the ore deposit sold off and would probably be looking at BHP as they are already planning on investing in Tanzania.
If that were to be the case then EGR would benefit from the sale obviously and could go into their other assets.
It’s probably why they have split it from EGR for an easy sell

EGR Price at posting: 18.0¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

0 Great analysis

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