As per my Sept 9th post:

http://elcoraresources.com/projects-2/

"In Q2 2014 Elcora acquired the full operational control and a 40% equity interest in Sakura Graphite ( PVT ) Limited. Sakura operates the Ragedara mine currently producing raw graphite. The interest is a 20% management fee on the mining profits and a 30% management fee on the processing rights. Ragedara Mine has road access and is approximately a three hour drive from the capital, Colombo. The mine is also 8kms from Kahatagaha which is a high output graphite producer operated by the state.

Ragedara project is 2 plots @ 70 acres with a 35 year lease and 1 plot @ 19 acres and is deemed as private land. The project includes an exploration license covering 4 square kilometres and an industrial mining license for unlimited production. Historically the Ragedara Mine from 1974 – 1985 reached a graphite production of 118ktpa of the highest purity.

Did you follow all of that? Sounds like (not) a lot of Plumbago to me!"

Any rational investor would need to make sure of the interest in and ownership of a property before investing, surely?

Purchase of Elcora now is wrong on so many levels and for so many reasons, IMO, it is hard to believe there isn't an ulterior motive in the writers's suggestion.

Boxterfan