Hi mate,
Would not worry to much, EGR was never big on hype and this might explain to you why there are a lot of punters doing the big pump over there
EGR = ~55% owned by T20
RNU = ~18% owned by T20
Getting (Potential) GOV funding is an obviously a great bonus for them and timing wise they have been better placed as it's clearly a political move (IMO), but now they are clearly overvalued and it's only a matter of time before the punters jump ship and get ready to ump another project...they are years away if everything goes well for them.
EGR on the other hand will commence construction on EcoGraf Plant # 1 within months now and will very likely generate $$ from H2 next year, is FULLY FUNDED (Stage 2 with conditions) and is in a position now where POSCO and ThyssenKrupp can enter into binding agreements at any day.
EPANKO finance can drop any day now as well, this will be very significant for us and our offtake partners...Most people don't understand that there are significant differences amongst Graphite deposits, whoever approved the (potential) loan for RNU would struggle to explain what makes a good deposit (Strictly IMO) if there was a bit of drilling by the opposition!
What a lot of people also don't know or have forgotten EGR has another world class deposit in TANZ which is Merelani, we still hold the leases...
furthermore we also have large parcel of very prospective Nickel Sulfide tenement in Kanga region in TANZ...as the price of Ni has not been very positive not much activity has been done by the Co o this, however things are looking a lot more positive and BHP has become our neighbor there recently...lets see what comes out of there this year, lot's o additional underlying value there alone.
Recycling - news could pop up any day
, that would further upset the shorters and I imagine a few of my Comrades...imagine if EPANKO finance
drops within days of Recycling...or the odd offtake agreement...or now that Engineering Plans are finalized, Sweden is ready to make a move...
Hope you are making the most of this GLARING opportunity...at this price EGR the BEST value proposition on the ASX in the EV space.
ALL Strictly IMO
