EGR ecograf limited

2.99%

32.5¢

A lot of people still don't understand the significance of...

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unicrumba

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30/10/23

09:23

Post #: 70606524
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Originally posted by Neomax: ↑

news from german trading platform

The day before yesterday I asked our new hero Andrew Spinks, the Elon Musk of the raw materials industry, two questions and I just received the following answers from him, which I don't want to withhold from you as a sign of fairness:

1. When I asked whether the SML and the financing would still be achieved this year, he just gave me the following answer:

“We are trying to achieve the shortest possible time. The CAPEX is US$134m as reported and expecting to debt finance ~60%. Due to the significant European offtake, the Project has been granted eligibility for the German Government Untied Loan Guarantee (UFK) scheme, which provides long-term funding. This is the highest and best quality (and cheapest) form of funding.”

2. He answered my question regarding the use of equity capital (currently AUD 38 million) as part of the financing as follows:
“Project financing strategy has been to secure the debt first, and an option is, secure the equity at the project level (Epanko) and not at the corporate level (EcoGraf).”

I think you couldn't wish for a nicer start to the weekend as an Ecograf investor. The SML and funding will hopefully be published soon. At least that's what I read between the lines. The cheapest form of financing appears to have been bagged. And we may not even have to use the existing equity capital. An equity replacement loan should be used. So no capital increase necessary. The existing equity capital can then be used for ongoing costs until the mine starts operations in 18 months at the latest.

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A lot of people still don't understand the significance of getting a loan from the "German Government Untied Loan Guarantee (UFK) scheme"

Once that is finalized that will then open the door and give confidence for one or two multinationals to take a large stake in EGR and secure the long-term Graphite supply for their industries...and NO, they will not be able to get a large stake at 0.20c -- IMO of course

EGR Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 32.5¢		Change -0.010(2.99%)		Mkt cap ! $147.6M

Open	High	Low	Value	Volume
32.0¢	32.5¢	32.0¢	$38.49K	119.5K

Buyers (Bids)

No.	Vol.	Price($)
1	20000	32.0¢

Sellers (Offers)

Price($)	Vol.	No.
33.0¢	2948	1

View Market Depth

No.	Vol.	Price($)
1	20000	0.320
1	332500	0.310
1	3200	0.305
3	102761	0.300
1	3000	0.295

Price($)	Vol.	No.
0.330	2948	1
0.335	20000	1
0.350	128226	2
0.370	6697	2
0.375	35528	3

Last trade - 16.10pm 25/07/2025 (20 minute delay)

EGR (ASX) Chart

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