Donkeboy, we are "at the cusp" today and we will be "at the cusp" in six months. Only the object chances from time to time over the last 6 years. For some time EGR was at the cusp of Epanko, then Kwinana, then recycling, then plant in Sweden, then plant in US and now back on Epanko. Within these major steps we have smaller steps like studies, financing, project planning, RAP, etc. I can remember 2017 when EGR was very close to the financing through KfW. Unfortunately EGR was not aware that KfW was known for its meticulous approach, demands strict adherence to all formalities and deadlines in a loan application. The slightest procedural error can result in the need to resubmit the documentation at the next scheduled deadline, which often occurs only monthly. I hope EGR has learned from this experience and is adequately prepared this time to navigate the application process smoothly. If EGR will fail again, AS has to change strategy again towards Kwinana, recycling or something completely new to sell shareholder again that we are "at the cusp" for whatever. The only reliable aspect at EGR appears to be the high salaries of the management and the insistence on a bonus despite the lack of achievement.
EGR Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
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