Ann: Montepuez Project Funding Update, page-10

Agree with the square one point. I'd be surprised if there aren't other funding options out there, especially given the improved cash position, but no doubt it'll be on equal or worse terms than RCF.

Interesting to note the funding was pulled on graphite market conditions rather than due diligence. Producers are forecating supply deficit in 2019.

Also interesting to note the SPP is going ahead. Cynic says they're taking every last dollar they can. Optimist says the survey response has been sufficient to convince them they'll meet subscription.