thought i would share. If as detailed here, we might be getting closer to funding. If so maybe a big announcement is not that far off. It's next week Wednesday in Europe time, so maybe sometime after that. He's hoping all goes well. Just some happy thoughts.
Connection between EcoGraf and Euler Hermes:
EcoGraf has been seeking credit coverage for its Epanko Graphite Project from the German government. This credit coverage is potentially facilitated through the Export Credit Guarantees managed by Euler Hermes (Allianz Trade).
The German government's involvement is seen as crucial for projects like Epanko due to the reluctance of private lenders to finance projects in the graphite market, where Chinese suppliers have a dominant market position.
The Federal Government's Export Credit Guarantees play a key role in risk management and sales finance, often being a prerequisite for bank finance.
In essence, while distinct companies, EcoGraf's potential reliance on German government support, facilitated by Euler Hermes (Allianz Trade) in managing Export Credit Guarantees, highlights their interconnectedness in the context of international trade and project financing.
EGR Price at posting:
29.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)