Ann: US$20m debt facility to complete the Lindi Jumbo Project, page-283

Hi Stirer, re Framework agreement not being required until dividends paid and your comment “that’s written in the legislation”.

Can you provide a link and the relevant section as I haven’t been able to find anything. I would find it surprising if that is the case though. If you have a look at the PEK agreement just signed their Framework agreement covers a wide range of operational issues , such as development plans, in country processing, right to export etc. which all happen well before dividends paid.

Perhaps you are getting confused between the framework agreements and the payment of govt free carried interest dividends, which I agree don’t need to be paid until dividends paid, likely we’ll down the track after loans repaid etc

Anyway, here is part of PEK agreement with some of the terms agreed , which clearly relate to things well before any dividends are going to be paid.