Originally posted by GT55
No doubt S but it that case they would handle all the cash through their own banks in Tanzania but that’s not how the mines finance will run for any Tanzanian mining operation.
W85, I think it was wise to delete your post, when I read it, I found it quite negative.
You guys are frustrated, like all of us, waiting waiting waiting.
Take overs are looming for a lot of plays that’s really going to disappoint a lot of shareholders, but funding as I’ve said before is really hard.
All the best.
I think you are confusing transaction accounts with loan products.
I expect that if not already held - and i suspect KNL do hold them - Kibaran will have accounts in Australia, Germany, and Tanzania. Multiple accounts with multiple purposes. Local transfers will be much cheaper when they go from Tanzanian account to Tanzanian account. This is where Epanko is located after all. It is smart, sensible business.
As for the KfW loan, yes, the idea is to spend the money in Tanzania, building the mine. There's equipment, wages etc to pay for.
