Ann: MoU Signed with Shenghe for the Commercisation of Kvanefjeld, page-8

Sb
Previously at the end of 2016 Shenghe joined our ranks with an MOU to buy in a potential 60% stake in the company. Its losely worded but a definitive interest. The market jumped in and youll see the spike from 6-7 to 20 cents in anticipation. Ever since the SP has trailed away preML back to where we are now.
Shenghe are upping the statement saying they will cover pretty much all major hurdles we now face beyond the mining license given they can still take a stake in the operation up to the level of 60% holder.
This means they probably want to supply finance and 100% market price offtake under a term of agreement for this equity stake in the company. They clearly are very keen.
This can do nothing but benefit shareholders. Last broker report suggested here, given this eventuation, fair pricing could be expected to be at around 60 cents.
Shenghe may well with a controlling stake chose to make a corperate takeover at a later stage. But under the agreements terms thats only on optimization. This gives the share price ample time to factor in the ML approval and Shenghes ever present keenness to underpin the company operation into a profiting entity.
I welcome their presence and any future take over if given fair market evaluation if they chose to do. It will bring in a massive rate of return on top of current buying levels.
Im looking forwards to see the broker reports being published over this one and added interest into the share.