I think your Posting @alpaka is right over the Target; if you...

I think your Posting @alpaka is right over the Target; if you don't mind I will quote another here and offer some supplementary data!


"With respect Heraclitus, I don't think they would have extended the amount of the raising without good reason.

As I said, all will become clear in time.

Just consider the steps management have taken over the last few months, especially contracting FEC and Imagine, parallel to the development  worldwide of uses of very high grade crystalline spherical graphite, and the oncoming commercialisation of graphene in numerous applications.

Consider the brainpower and contacts within Imagine, and that they need some runs on the board to establish credibility for their operation. There is a lot of firepower getting behind this commencement of production and marketing of this unique material. As indicated by other posters, more announcements due soon.

Why did MRF buy a drill rig especially suited to their goal of quickly identifying which of the hundreds of existing mines in their tenements can be bought to production in good time?

MRF have done a great job in building the operation in SL, growing relationships with landholders and local authorities. Note from the FEC Report the scalability of operations for each new mine at very low cost.

As the story develops it will become clear to a much larger group of investors just what this microcap can achieve.

The story is only starting to get out.

As always, Please DYOR. (There are plenty of gems, even diamonds in the links the bear provides)."

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I would like to firstly say thank you Alpaka for the mention and secondly offer from my Mind-map an article emphasizing just how right you are about MRL Corporation...

Imagine Intelligent Materials closes sales and certification agreement with Australian high-grade graphite miner


https://www.prlog.org/12490620-imag...ith-australian-high-grade-graphite-miner.html



SYDNEY, Australia - Sept. 4, 2015 - PRLog --

Imagine Intelligent Materials Pty Ltd (Imagine IM) has executed a sales representation and materials certification agreement with MRL Corporation Ltd (ASX:MRF). Under the agreement, Imagine IM will provide characterisation analysis and certification of MRL’s graphite and graphene products with the objective of identifying the optimum applications and customers for their graphene and securing supply agreements with Imagine IM’s customers and licensees.

MRL will pay Imagine a commission on sales of MRL’s Certified Graphene and other graphite products that carry Imagine IM’s Certification Mark. The certification and licence agreement comes as MRL prepares its first production output from its high - grade graphite projects in Sri Lanka.

Imagine IM has research and development agreements under way with leading graphene research groups in Australia at UOW, Monash, Deakin and CSIRO.

The company has the exclusive commercialisation rights to a number of patents for a process to manufacture graphene without surfactants, licensed from the University of Wollongong. The company has filed a number of additional graphene-related patent applications in its own right.

About Imagine IM

Imagine is forging a pioneering position in Australia in the development of commercial products using graphene in high volume markets, with a particular focus on graphene-enhanced polymers. Graphene is attracting global interest because of the potential it has for providing disruptive solutions in electronics, aerospace, medicine, transportation, construction, water treatment and smart textiles.

About MRL (ASX:MRF)

MRL is aiming to develop an underground mining operation to extract high-grade,crystalline vein graphite, which is unique to Sri Lanka. The Company holds exclusive rights to exploration licenses covering approximately 6,300 hectares in area, with historical workings located within nearly all license grids.

https://www.prlog.org/12490620-imag...ith-australian-high-grade-graphite-miner.html

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As you have been saying this is continuing to make smart calls and patience is key.





Kind Regards