So, we recently got the ML extended by 10 years because that is what was needed by KfW in order to secure the finance for Epanko. Now, the Tanzanian ministry is not in a habit of handing our 10 year mining licence extensions just for the hell of it. This was a crucial requirement to obtain finance....as the repayment period for the loan would otherwise have extended beyond the ML length.
So problem gone.
So what is the hold up with finance for Epanko now? Why would the Minister bother giving KNL a 10 year licence extension to meet the Bank providing Finances requirement only to block them on other amendments that KfW possibly required . Either enable finance or don't.
What still needs negotiation in respect to Finance?Is this unique to KNL or all Tanz Miners?
Whose approval in Tanzania is required?
Who is doing the negotiations on behalf of KNL?
How long is it expected to take?
What about GGG?
As for EcoGraf....you are right Wilma and Simmpa......EcoGraf is the game changer.....but we didn't hear about it yesterday, the environmentally friendly processes for the same cost, the useable fines that are themselves highly valuable and importantly the capacity to use all manner of G feed stock which is truly unique. So same questions
What still needs negotiation in respect to Finance? for German pilot expansion and multiple plants (they do say Tanzania/Asia and Europe in the presentation)
Whose are we negotiating with?
Who is doing the negotiations on behalf of KNL?
What is the status?
How long is it expected to take?
Lucky the AGM is coming and gives us a chance to ask these and other questions. Hopefully though we will have all these answered before the AGM. That would be nice.
564xxl
KNL Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
