Tweet, page-283

Mr G - I still think that getting funding will be very difficult - if not impossible - the bankers who are currently talking to them may just want the banks management to see the flunkies being "busy" ant looking for potential customers. The reality is that no third rate Tanzanian bank is going to risk a dime on any project. The risk must and will primarily be born by shareholders. That is why I think that the T40 dream of 100% debt is utter nonsense. By the time the loan is downsized and the bank has raked security over the entire project and shareholders have had to dig deep in a hefty cap raise, the share price upside will be modest at best - and that is before considering cost over runs, construction delays, disappointing recoveries or plant performance etc etc etc Please don't get swept up in the graphite rally euphoria. The best bet will be an existing established producer with expansion potential.
Be warned - it is a long way from finance or profitability.
Dividends - in their dreams!
DDD