ECOGRAF LIMITED (ASX:EGR) - Countdown - Until Finance Approval, 18909732, page-201 - HotCopper | ASX Share Prices, Stock Market & Share Trading Forum

Originally posted by lectro ↑

For what it's worth, I think this forum has been over run by sh#t talk and tit for tat banter with nothing substantive being discussed by blow ins from other forums. These blow ins seem to spend an enormous amount of time and energy espousing the greatness of they're company whilst getting enormous joy from the stagnant nature of our share price. It would be nice in a perfect world to only comment on forums for stock we all hold. Period. Unless legitimate non ramping information is genuinely sought. But who am I kidding, kids will be kids.
As much as I disagree with some of the posts us Knlers may post on some forums, I must admit they are quite short and harmless , to elicit such a profound and spiteful response as some may return surprises me and can only make me think that they must not be as confident in they're positions as they openly display so often.
Anywhoo back to what I gleaned from a 1/2 hour discussion today with management. This will not be word for word from Roberts mouth out of respect for his open feedback but my interpretation of where the company is at and some decisions that have been made.

1. As frustrated as we are with Taylor Collison as shareholders the company shares our DISSAPOINTMENT in them selling down they're shares but maintains they hold a very significant stake through clients and the Euroz involvement with the company is very positive , as is they're continued buying.

2. Euroz approached the company to take a major position and as is the nature with all institutions they always require a sweetener to enhance they're position. The capital gained was worth the deal to put us in a very comfortable cash position leading into mine development.

3.Finance is still on track as is production for 2017. The RAP is happening as we speak and valuations are being made on affected areas. This may include local land holders ,schools etc and needs to take into account the environmental impact around the development not just on it ,as part of the compensation process. My understanding is that the bank has carried out DD on the BFS and the RAP as part there of. The figures for RAP in BFS now need to be quantified with actual figures that are negotiated with affected parties so as to be actuals. Once this has taken place( valuations and agreements ) Tanzanian law requires that this compensation must be paid within a certain time from valuation date. Hence the allowance in the CR for compensation payments to affected parties. This is required before finance can be rubber stamped.

4. It has always been maintained that the finance package would comprise a proportion of debt and equity and this is still the case. My feeling was that this could come from another party( equity) maybe cornerstone. My feeling is that this could be Soljitz , given they're level of interest and commitment with Kibaren.

5. Purity of product. Knl have not tried to purify our concentrate any further than stated levels because that is all customers that have been engaged with have required to suit they're needs. Mereleni graphite had been purified to 99% with simple flotation , no chemicals under the late John Park back in the day, so it is very likely with today's technology that this can be improved upon when required. No resources have been wasted on procedures that are not required by end users at this stage but can be utilised if the economic payback is there in the future. Part of the expansion study. Purity is not everything to everybody but never the less does have a place in the market. Everybody seems to forget about Mereleni and the great known deposit that lays beneath. One of the key factors for my decision to invest. Most other plays have one deposit. We have three. Diversity of supply and product is a huge differentiating factor for us.

6.My opinion is Christoff Frey is key to production plans and is across our system design. This man has only ever worked in graphite production his entire working life and has direct understanding of how a working mine and plant needs to be built,operated and advanced with new technology. He knows what is out there and what works. Not to be underestimated or mocked by irrelevant wannabes.

7. Current court case. Nothing to disclose. See previous post regarding this.

8. Robert also shares our disappointment with share price as he has a substantial holding but is confident Kibaren Resources will finish the year on a high. Read into that what you will. High note, high share price , high achievement or all the above.

Above all , stay focused on why we initially invested in this company and tune out to all the noise from other blow ins. For all they're noise it still remains to be seen whether any of it is real. Time will tell. One thing is sure though. A good nudge nudge wink wink and Frank says so seems to have done wonders to a share price , without any solid foundation. I hope they succeed as do I we. Surely there is room. We do not need to be eating our young.

Probably a good entry point here if your not too concerned with a bouncing share price. All seems consistent with the companies stated agenda even if time frames have lengthened through no fault of management. If a company suddenly becomes better if you by 2c cheaper you must never really have thought that the company was bad. Nothing has changed except perhaps your greed which I must admit happens to the best of us.

Think I might have a rest from HC if the rat bagging continues so please try and be civil everybody. Have a great weekend.
Over and out.

Expand

Thanks Lectro, great job.
My confidence is restored. Might even buy more shares.
Cheers,

No.	Vol.	Price($)
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0.120	24094	2
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0.145	45198	3
0.150	1161	1

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1161

(20min delay)
Last 12.0¢		Change 0.015(14.3%)		Mkt cap ! $54.48M

Open	High	Low	Value	Volume
11.0¢	12.0¢	10.5¢	$85.61K	760.1K

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