DD from Castlelake Board takes 60 days. So end of March or begining April we should know if Castlelake gives us the money or not.
Market thinks at the moment, we don't get the money, therefor we have only a marketcap of 11m aud, less than all other Tansania Graphite hopes.
So there could be a very big surpise if funding comes.
In the case of failure of funding through Castlelake, Graphex should try to go with China’s largest expandable graphite manufacturer Yichang Xincheng Graphite Co. Ltd. or another expandable graphite manufacturer, so "The TON way", incl. debt (80-90%?) from chinese banks.
MVL Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
