We have the Chinese (Shenghe) involved with this project now and the Chinese do have influence in Tanzania.
The jury is still out as to how that is going to play out for us.
Fortunately we have Russell Scrimshaw as our Executive Chairman and he does have some experience/contacts in China.
But one thing is for sure, this project will be developed, it is just too good not to be developed.
Just hope it by us with the assistance of Shenghe.
But the Company will not be happy if this is delayed any further as a Capital raising at this price would not be good.
Obviously the preferred option would be a Capital raising in August when all the pieces have fallen into place and after the Company has finally signed off to develop Ngualla.
Ann: Registration of Tanzanian Entities, page-124
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