Your last paragraph is very interesting. It looks like people...

Your last paragraph is very interesting. It looks like people are willing to take on much more risk in another Tanzanian graphite company that is less advanced than KNL. Why do you think that is? You are saying the risk is high with KNL but nearly everyone here believes that finance is a done deal. Three even saying last week was the week for the announcments. Getting very mixed messages here but at least you realise it could go either way.

For me if I was a German bank I would want an assurance from KNL that the price per tonne they receive from TK will be what the original loan agreement was based on. Now considering the price has collapsed to $800 a tonne how can KNL provide that.

Will the banks risk that money if TK is only paying market price? The chance of going belly up on current market prices is high. There is very little margin for error at current market prices and KNL's mining costs per tonne.

It's not like KNL's graphite is worth a premium.