Hi Kama, sounds like damage control to me. Does anyone believe the company isn't in regular contact with Pareto and that they aren't getting updates from Pareto on how the process is going?
For your Executive Chairman Trevor Benson to make this statement in the opening address , " the investment climate for Tanzania, and for graphite remains challenging. ", one would think he his giving a pretty clear indication on where the process is at.
Note the statement is present tense
Hopefully they have a "plan C" just in case that "investment climate" remains "challenging".
Or what is the next best project? Might need to start looking at that in more detail, maybe something in a less challenging environment.
All in my very humble opinion as always and best of luck
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