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Thanks, Habchi. Greatly appreciated. Will have to look elsewhere...

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KainCarver

2,317 Posts.

723

02/12/17

12:53

Post #: 29314871
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Originally posted by Habchi ↑

Hey everyone. I just spoke to Randal and had a long conversation. DNI have realeased there announcement. CGM will have their turn on Monday. Unforetunately the situation is complex. David is right in regards to Brazil being our project of interest. Randal was hoping for a better outcome for both companies. I agree with the direction that Randal is taking in regards to DNI’s ‘letter of default.’ It seems that DNI have opened up a can of worms. Just remember if we go to court, we have a project in Brazil that we are proceeding with. DNI will be at a full halt with all there projects in Madagascar until it is resolved.

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Thanks, Habchi. Greatly appreciated.

Will have to look elsewhere for my graphite fix I'm afraid. I've got my plate full with other lithium players at the moment that are in a more advanced state. I am looking forward to Monday, though my gut tells me that no matter how Randal spins it, the market will not take it favourably.

CGM Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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