Pek only entered into a "non binding" MOU.
Maybe the Trading Halt financial transaction is a deposit on a "binding" MOU. If Pek gets a 10% deposit that would give Pek $40 million for further development in the near term.
Sure sounds better than all the negative fears been expressed here.
Once again Pek maybe delivering ahead of its deadlines.
China has announced $20 billion of development support in Africa, including port and roading development in Tanzania, so it wouldn't surprise me in the least if China became involved with Pek. The timing of China's $20 billion announcement may be why Pek only had a non binding MOU, and now that may be changing as a necessity on Pek's requirement for "now" funding. Just my opinion. Merv
proposed cap raising?, page-10
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