General Discussion, page-1904

So it looks like at least another 2 years of approvals with no guarantee that EGR will start anything.
As far as funding goes I agree it has proven extremely difficult for WKT and others in Tanzania. This should be a lesson learned by all. WKT have one of the best graphite deposits in the world (debatable for some) but if WKT have not been able to achieve it any other company in Tanzania is going to struggle as well IMO.
EGR have $40m in the bank, they need another $20m to build their mine why not do a capital raise and raise the $20m and at least start production. Do the add ons later once they are in production. WKT did a similar raise from a similar SP point at 50% discount and raised a scaled back $16m and had more on offer.
Just a thought Spid suggested this for WKT years ago and although WKT chose to go down the path of financing IMO was the right choice at the time but it has proven harder than anyone had hoped for. This should be a lesson for EGR after trying for several years as well.