Morning
richland pulling out of Tanzania will have no bearing on KNL. They have been frustrated with the lack of involvement in getting illegal miners out of their mines. The graphite for us RLD was going to be a game changer and we are disappointed they are pulling out. However the new owners will have been made fully aware of the potential in graphite hence the reason why they will make further payments to Richland in the coming years. Hopefully this will give the government a kick up the backside and get the JV sorted with Sky/KNL a lot quicker now.
As I said in my first post good luck and been good watching your posts here. Keep your chins up as you are still on to make good profits here unfortunately Richland will be joining you lot down under lol. Don't forget to get some shares in them if they list on ASX as I'm hoping they might now the main business will be in Aus.
dont let the scare mongers frighten you off its a setback but not a failure.
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