In the context the rail and port infrastructure is the responsibility of Cameroon Government, and this has nothing to do with the extension of Mbalam permit. ANS/WAPRC and SDL need to demonstrate the funding for the mine project in order to secure for the mining permit extension. So time being, it is not a concern. In this case, $400 million would be from the conversion of options by both ANS and Noteholders. I guess that the remaining $400 million could be from loans with the repayment through royalty on the iron ore production.
Did you still interpret the NDI application to NDRC Shanghai as a loan? Hehehe...Look like that you have a problem in English comprehension.
- Forums
- ASX - By Stock
- SDL
- Ann: ANS: Proposed $100m Placement & Strategic Investment in Sund
Ann: ANS: Proposed $100m Placement & Strategic Investment in Sund, page-233
-
- There are more pages in this discussion • 110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)