Ann: Vittangi Graphite Mine Appeals Update, page-17

I can see your logic, but do we really think Talga would have that much influence over the EIB's appraisal? The ability to time this funding announcement to counteract bad news seems a little far-fetched when you consider the ASX continuous disclosure rules. Talga couldn't exactly withhold this information, which meant they had little control over when the market would be informed.

"Once an entity is or becomes +aware of any +information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity's +securities, the entity must immediately tell ASX that information."

What I find encouraging is that according to Mark Thompson in the latest presentation, Talga provided the EIB with extensive reports during their appraisal. The EIB would have certainly looked at the zinc issue with the Sorbrandofjarden waterway and not seen a problem. This shows the EIB are confident regarding the anode plant because if the environmental court/water authority see the zinc as an issue, how does that reflect on the EIB and their due diligence? It wouldn't be a good look. If the EIB were not confident in a positive result, would they not hold off on approving finance until after the permit process was over - considering it is only a day away?

Anyway, just my opinion and speculation.