Ann: Quarterly Activities and Cashflow Report, page-33

@Kriptic. You might find that Tanzgraphite P/L was established for this purpose as a wholly owned subsidiary of Ecograf. It means that Tanzgraphite could be the company thst dies either B class shares, or it does the Free Carriage of 16% with Govt having possibly a person on the Board.

If this is the case I personally would not be worried. ECOGRAF would still be a 100% Australian owned company. Minus international share holdings..

like everything, we just have to wait and see if Tanzgraphite was set up for this purpose or not.

Otherwise, why would they have set up that company?

I understand from comments made here that it's been an option for the company to hive off Tanzgraphite at some point into the future with a buy feedstock at a preferred price making Tanzgraphite a viable hive off at that time???