Thunder.
CFE is the flag ship to many other companies Sage is a director of. All paying admin and rent for the same office. Lots of inter company loans if you go through the Annuals. EUR. IGS FE etc.
What I found interesting was after announcing a $20m brand new plant ready for commissioning. (Abandoned by someone) It appears it now needs work.
"funding 100% of any costs required to upgrade the Kipushi Processing Plant to effectively process the tailings from Kipushi."
, US$7.5m will be advanced as equity into the Joint Venture by the Company with the balance advanced as shareholder loans that are to be repaid from cashflow
Hmmm. Nice and open ended.
Then there is the upheaval going on in the Congo it's self as I have posted news off the other day.
https://hotcopper.com.au/posts/24363507/single
Ann: Cape Lambert Finalises the Joint Venture Agreement, page-23
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