EGR 4.55% 11.5¢ ecograf limited

KNL - should we take the loss??

  1. 1,659 Posts.
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    Seeing this stock is drifting further and further south I would like to address what I believe is going to be a very lengthy and expensive process to achieve re-settlement at Epanko.

    Mark my words and save this post for future reference but I clearly believe that re-settlement will be in excess of $10 million US Dollars. This figure could quite easily grow in the future as Management work to address this issue.

    That is one hell of a hefty bill to be absorbed by shareholders moving forward if it ever occurs.
    That Relocation Action Plan better be good.

    Your management team are sitting on their hands and have very few contacts locally in Tanzania working towards a suitable resolution.

    Just save this post my friends.

    If I am right - give me credit
    If I am wrong - go to town on me

    Until then lets wait and see hey

    Cheers

    Matt
 
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