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Ann: Update on Uganda Kitgum Graphite Project, page-3

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  1. 3,016 Posts.
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    They still have the Nachingwea Graphite Project owned 100% and as far I understand it they had paid up any fees in relation to that for 12 months, after that who knows.
    That is in a pretty good site in relation to other graphite miners so could be worth a bit if they ever have enough funds to explore it properly.
    Its just a pity that any cash they have is being sucked out by the on going court case with no end to that in sight.
    One can only live in hope that we will get most of that back and more at some stage.
    They have always maintained that money will be coming after they win the court cases but what happens to that money and what direction the coy. will take then is anybody's guess, plus they actually have to win the litigation first.
    I think from memory that Jerko is a geologist so that is the most likely direction they will go I guess.
 
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