Greeting NL,
...we don’t seem to be progressing real quickly toward anything meaningful... I look at that very differently and I am almost done increasing our holdings nicely...one more opportunistic BUY order waiting to be filled...after that, I might give a new, proper update...I guess a lot of my Comrades who were kicking and screaming have been doing the same and my guess is we will see most of them suddenly being very optimistic again very soon, not sure how many will have the character and keep their old username haahaha.
Back to your question...I refuse to accept that there is no one smart enough o the EGR (from posters I have not on ignore and can read) that no one talks about the reality that there is NO demand outside of China and that that BRAND NEW supply chain is in the making as we speak, and that's where EGR is
positioning itself to be part of...
Hi MM,
Do you think POSCO, KfW, ThyssenKrupp etc are looking to do business with someone because he's a good public speaker? hahah...
as mentioned above, why only single out EGR...look at SYR, WKT, MNS etc etc, ok RNU had a good run, but that is over now...their MD is trying to do the LARGE PROJECT card as many others always try...he had to keep on delaying everything and increase the starting capacity to make the figures work ...but where is the demand, it will come but the dilution it will take for them will kill the potential for current holders
Just some of the points why
“EGR is a different caliber”* RNU share registry is way too large for where they are and how much CAPEX they will need
* A lot of RNU holders think they can use the Gv Loan to build the mine
* The strip ratio of their deposit is awful and that is part of the reason they can only make the figures look half decent if they go large.
* The quality of the deposit is inferior to most TANZ deposits, don't believe me ask someone who knows and ask them why...I have.
* The purification saga...It is hilarious, now they are paying royalty fees, and everyone over there is sweeping that under the carpet...and they got mesmerized by the "achieved 99.99 purity"...I wonder how many now that is achievable with most half-decent deposits, but how much do you need to do and more importantly how much of those processes will compromise the integrity of the flake.
Anyway, enough for the time being...
ALL IMO
(20min delay)