It was most encouraging to have AS say at the German meeting that EGR thinks they have provided all the information kFW have asked for and to be confident that agreement for funding of midstream processing operation is expected this calendar year and that it is planned to be completed construction a matter of only 3 months or so after Epanko Stage 1 is up and running. That also indicates confidence in kFW Epanko funding also occurring this year.
Geopolitical changes are happening very much in EGR's favour. Because other Tanzanian hopefuls are struggling at present, I would have thought it possible with mid-stream and later downstream processing supply chains set up, offtake from other Tanzanian producers could be absorbed into the EGR supply chain, thus leveraging off its vertically integrated business model.
A bright future in the making as far as I can see. Hard to figure out the lack of interest in Australia for this at present.
EGR Price at posting:
30.0¢ Sentiment: Buy Disclosure: Held
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