It’s about to get very ugly when the wall of funding that went...

It’s about to get very ugly when the wall of funding that went in at 60c cap raise for $50mill starts to want out.

Good Morning Au Bull,

I don't think it matters if our 60c funders want out, EGR is fully funded for stage 1 (US$22mil) and we have conditional funding for stage 2 (US$35mil).

EGR has around ~US$35mil in cash sitting in its bank accounts, we appear to have enough fund for stage 1 construction, working capital and the OPEX that will be required for the production facilities, i.e the funds that we will need to during the 6 month evaluation period.

EGR's issue is Andrews ability to keep the market updated on progress, no one know when GR engineering will have the full engineering design completed, apply to the regulatory agencies or when we will start construction of our first spherical graphite facility. IMO EGR has to many distraction.