EGR was not the only company that invested covid times and the black swan era doing something in Australia. I was listening to Chris gale from LRS, He too said the same thing, that sometimes a business needs to make changes as per conditions. They did the same thing. They invested Covid times in doing something here in WA. I think egr made a prudent decision by bringing the main focus to Tanzania. I was reading the broker report for EV1, they said there are distinct advantage of graphite products in Tanzania, lowest cost is the one, which will make these companies apart from others when competition arrives. Building a solid foundation takes time. taking the decision to cut corners is easy but don't go long. In short, EGR has mining with a license in a low and now politically stable country, a process to produce graphite in a greener and cleaner way and a recycling business on cards. LTs need to have some patience to get rich benefits. If we board reshuffle is required, LTs should push for it of course. All in my opinion.
EGR Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held
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