re: Ann: Revised terms agreed with ENAMCO for... This outcome is clearly a result of ENAMCO needing the Chinese to provide the funding.
The Chinese don't want to do so until they have done their due diligence.
The Eritrean government doesn't play by the rules, so Chalice has to wait.
On that note: without the deal with the Chinese, CHN would be sitting at this point - without payment from ENAMCO - facing an increasingly difficult funding task...
...but I suppose that some of the people who have been bagging this deal would suggest that this would be a preferable situation!?
To CHN management: Please get the deal done, get the money and move on.
Ann: Revised terms agreed with ENAMCO for sale of, page-6
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