Ann: Study Confirms EcoGraf HFfree Process Cost Advantages, page-19

What a joke. This is yet another typical "study announcement" that comes out whenever there's nothing positive left to report and they want to distract from the real targets they failed to achieve. If you calculate the cost of all these studies per ton, the Ecograf process is probably the most expensive one out there.
It's likely that the demand for graphite will increase in 2026, but unfortunately, Ecograf will still have nothing to deliver except some study results.
Where is the SML and where is the KfW loan?
Who are the customers? All we hear is "Customers." I like to hear some names.
Nobody of possible customers I talked to never ever realized all the "excellent" work of EGR
This is and remains a load of BS.
Vote out this management before the last dollar is wasted on their hefty salaries and useless studies.
Andrew cannot lead us to profitability. He will ever show us the money!!