Ann: Trading Halt, page-40

Here is how I see it. 2014 vs 2021 is a very different time. Graphite is and will be by far in more demand than back then given the booming EV industry. MNS graphs back then always showed the smaller demand back then and the rise through the next 5 - 10 years and so on. In 2014, despite having the offtakes the sovereign risk of mining in Tanzania rail roaded the project for a number of years. Finance was very difficult to get as a result but now given the demand and booming EV industry, new offtake/s and improvements in GOVT policy I think finance partners would be much better placed to have the confidence to want to get involved. I guess time will tell but I don't think you can really compare 2014 to 2022.