MNS 0.00% 4.2¢ magnis energy technologies ltd

MNS - Where does the SP go from here?, page-18

  1. 9,236 Posts.
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    "Finally, who is it with?" - silly question. They are hardly going to broadcast this information, now are they.

    "How much for?" - who knows? May be for the full capex, may be for part - all commercial in confidence information that is usually only made available once a deal is done/if done.

    "Where is their RPF" - no idea, but also not something that most companies release via ASX. Very few put that sort of documentation on their webpage - most don't. Assume they will provide to a lender(s) if/when they feel it is necessary to support an application/if made - after all that's why they undertook the process?


    I quoted Trommel's post because I knew he provided the information when this whole issue was raised before - i.e it's been raised before, it's been responded to before and why are you asking again . Those exact words are also in the MNS ASX ann for all to read - those who are interested in getting information straight from the horses mouth rather than throw around baseless comments. Are you suggesting MNS has lied in that ann - if so that's a very serious accusation there Simmpa.

    "without actually reading what these principals require......."

    Have read it, so could you - it's linked via my post above - click on the link and it'll take the the entire document. Just an extract on the RAP ......

    Performance Standard 5 Land Acquisition and Involuntary Resettlement

    15. Implementation of a Resettlement Action Plan or Livelihood Restoration Plan will be considered completed when the adverse impacts of resettlement have been addressed in a manner that is consistent with the relevant plan as well as the objectives of this Performance Standard. It may be necessary for the client to commission an external completion audit of the Resettlement Action Plan or Livelihood Restoration Plan to assess whether the provisions have been met, depending on the scale and/or complexity of physical and economic displacement associated with a project. The completion audit should be undertaken once all mitigation measures have been substantially completed and once displaced persons are deemed to have been provided adequate opportunity and assistance to sustainably restore their livelihoods. The completion audit will be undertaken by competent resettlement professionals once the agreed monitoring period is concluded. The completion audit will include, at a minimum, a review of the totality of mitigation measures implemented by the client, a comparison of implementation outcomes against agreed objectives, and a conclusion as to whether the monitoring process can be ended.18

    16. Where the exact nature or magnitude of the land acquisition or restrictions on land use related to a project with potential to cause physical and/or economic displacement is unknown due to the stage of project development, the client will develop a Resettlement and/or Livelihood Restoration Framework outlining general principles compatible with this Performance Standard.

    Once the individual project components are defined and the necessary information becomes available, such a framework will be expanded into a specific Resettlement Action Plan or Livelihood Restoration Plan and procedures in accordance with paragraphs 19 and 25 below

    You can read the whole document here...

    https://www.ifc.org/wps/wcm/connect...a12/IFC_Performance_Standards.pdf?MOD=AJPERES
 
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