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EGR - EcoGraf Limited

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I have aquired a small parcel in Kagera Nickel to add to the bottom draw.

Interested to hear peoples thoughts on this new venture by company that was formerly known as Innovance. Nearology to large Xstrata/Barrick project is good.

Kagera Nickel has acquired a 100% interest in Castillian’s Kagera Nickel Sulphide Project (“Kagera Project”) located in northwest Tanzania. The Kagera Project comprises mineral rights to six properties totaling 860km2 in the highly prospective Kabanga-Musongati mafic-ultramafic belt. The key licences are located directly adjacent to the Kabanga Nickel Deposit, the largest undeveloped high grade nickel sulphide deposit in the world. The Kabanga Nickel Deposit is currently undergoing feasibility studies in a 50:50 joint venture between Xstrata Nickel (the operator) and Barrick Gold.
 
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Re: KNL - Kagera Nickel

A bit of information on Xstrata/Barrick Kabanga deposit from Barricks website.

The property is located about 385 kilometres west of Bulyanhulu, approximately 200 kilometres west of Tulawaka.

also....

At the end of 2009, Barrick?s share of the project had a measured and indicated resource of 1.1 billion pounds1 of nickel at a grade of 2.6% and an inferred resource of 0.5 billion pounds1 at a grade of 3.0%. A large proportion of the nickel mineralization is coarse grained and discrete from the massive sulphide matrix, supporting higher concentration ratios and recoveries than typical nickel sulphide deposits.


http://www.barrick.com/GlobalOperations/Projects/Kabanga/default.aspx
 

greggles

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Hi All

just wondering what everyone's opinion on KNL.

Thanks
I don't know anything about the fundamentals, but looking at a 12 month chart tells me that there appears to be resistance at 17c and 20c. It's made a nice move up from 12c to 17.5c in the last six weeks but volume hasn't been anything special. So it's hard to say where the KNL share price is going from here, but any significant move in either direction will most likely be news driven.

big.chart-KNL.gif
 
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They are awaiting the Tanzanian Mining Commission to sign off on their project considering the new rules Tanzania decided to introduce last year. The project was all set to start - graphite mine and downstream production facility - last year. Their financiers have basically given the green light once Government approval is in place. The SP is climbing as everyone believes it's not far away now, but then they have been thinking that for a while.
 
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Kibaran's proprietry EcoGraf process successfully applied to low value fines. achieves high purity 99.97% carbon providing ability to generate additional revenue for downstream business case.

Up 20% in a week from 0.18 t0 0.215 as I write
 
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Kibaran are still awaiting the Tanzanian government and shareholders are still waiting for news. This graphite play must be one of the longest drawn out 'going to mine' ever. All the pieces are in place on the board, everyone is just waiting for someone to make a move.

In the meantime KNL are just refining there procesing as stated in Buckfont's post above. KNL are currently down a little at 17.5, but that could soon change for the better. We all live in hope that a government will actually do something!
 
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Interesting day yesterday, increase in volume and ranged from 14 - 17.5 cps

Snip-it_1540852587198.jpg
 
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Interesting day yesterday, increase in volume and ranged from 14 - 17.5 cps
Hopefully that drop to 14 cents was the last gasp of the downturn for holders Trav … anything under that could look a bit ugly …… the fact that it bounced hard with some Volume yesterday is hopeful ….. down a bit today but still well above that low.
 
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KNL has been sitting in the doldrums for a while. However a few things happened in April. They raised some more cash, directors actually bought shares as well.
An updated study of their EcoGraf development as the company plans to fast-track the commercialisation of its proprietary battery (spherical) graphite purification technology. The Company updated that 20,000tps engineering study to produce battery (spherical) graphite for the lithium-ion battery market confirms the key aspects to support development and commercialization.
And KNL also has signed a new agreement with German KfW IPEX-Bank for debt funding of the Epanko Graphite Project. Recent improvements with the Tanzanian Ministry of Minerals have provided an improved investment outlook in Tanzania. KfW IPEX-Bank and Kibaran will now proceed to complete lender credit review processes and prepare the application for the German Government Untied Loan Guarantee scheme through Euler Hermes AG that supports the proposed senior debt funding package for Epanko.

KNL appears to be moving forward again.
 
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KNL has been sitting in the doldrums for a while. However a few things happened in April. They raised some more cash, directors actually bought shares as well.
An updated study of their EcoGraf development as the company plans to fast-track the commercialisation of its proprietary battery (spherical) graphite purification technology. The Company updated that 20,000tps engineering study to produce battery (spherical) graphite for the lithium-ion battery market confirms the key aspects to support development and commercialization.
And KNL also has signed a new agreement with German KfW IPEX-Bank for debt funding of the Epanko Graphite Project. Recent improvements with the Tanzanian Ministry of Minerals have provided an improved investment outlook in Tanzania. KfW IPEX-Bank and Kibaran will now proceed to complete lender credit review processes and prepare the application for the German Government Untied Loan Guarantee scheme through Euler Hermes AG that supports the proposed senior debt funding package for Epanko.

KNL appears to be moving forward again.
Don't be fooled. They have only ever raised capital and done no more. A complete dilution dog yoy.
 

System

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On December 12th, 2019, Kibaran Resources Limited (KNL) changed its name and ASX code to EcoGraf Limited (EGR).
 
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Note: This thread needs to be moved to Stocks 0-H since the change from KNL to EGR.

Ok this is it people, the stock pick for Feb 2020, good old Kilbaran, errr, Echograf.

A recent announcement (Jan 28th https://www.asx.com.au/asxpdf/20200128/pdf/44dk1l4pfqny9j.pdf ) tends to try and make us believe that since the Tanzanian government recently came to an agreement with Berrick over the gold mining then all is well for everyone else and everyone else will get their various mines underway.

Could be true, could be not. EGR do have a finance package in the waiting, so it is possible after proper government go ahead......well maybe

Anyway, since then the share price is up and down, all over the place. Starting on the 28th open at 6.7c to the 31st close at 8.9c

This thing could consolidate higher if there is some more supporting news in Feb. Thus it's my pick in the tipping comp for february.
 

greggles

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EGR up 26.5% to 10.5c so far today on good volume of over 2.5 million shares. It has risen from 7.6c earlier this month to hit an intraday high today of 14c.

I note there have been no announcements since 17 August when good news regarding their EcoGraf proprietary purification process was released. The final paragraph of that announcment flagged further news flow:
The Company looks forward to providing further updates as the testwork remains ongoing with over six expressions of interest from customers, including leading electric vehicle manufacturers, battery manufacturers and battery recyclers interested in evaluating the application of company’s EcoGraf purification.
Based on the price action in the last week I would say that there is probably another announcement just around the corner.
 
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