Tanz Gov holds a 16% non-dilutable free-carried interest in the JV entity (Tanz incorporated) that holds the mineral assets.
Epanko SML (soon), graphite mine and mechanical shaping facility (potentially) - Duma TanzGraphite (EGR, Tanz Gov 16% FCI) Lindi graphite mine - Lindi Jumbo Ltd (WKT, Tanz Gov 16% FCI)
The legislative changes were simpler to navigate for the likes of WKT, as solely a miner. Those companies with downstream processing ambitions entered into lengthier framework agreement negotiations. The likes of EGR and PEK clearly altered plans to meet Tanz Gov demands of in-country downstream processing, which is fair enough.
There was some confusion on the WKT threads years ago, with some posters claiming this 16% figure only kicked in for dividend payments. I guess that may be true in a roundabout way - the reality is, Tanz Gov owns 16% of the mine.
EGR Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held
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