EGR 0.00% 14.5¢ ecograf limited

Hello all,The first purchase in KNL and continued aggressively...

  1. 64 Posts.
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    Hello all,
    The first purchase in KNL and continued aggressively over the years was initially based John Park and team identifying the company moving from base metals to graphite. About the middle of 2015 John unfortunately passed away and with his support left the company with a potential high value graphite opportunity in Tanzania with proven and massive inferred JORC deposit with very good TGC.
    Later in 2015 the first exciting announcement with binding agreement with ThyssenKrupp and the follow on binding agreements with Sojitz in about early 2016?.
    BFS moved to PFS and all that mandated funding responsibilities equator principles etc, We all understand the Tanzanian changes to law affecting the timelines for Epanko mine development.

    Unfortunately my opinion now is that the opportunity was not attractive without KFW guarantee, The KFW guarantee will support funding but the Chinese will continue to corner the market and purchase graphite suppliers.
    Best of luck. I hope you short& long term pain is relieved for most holders.


 
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