conditions precedent, page-79

HI All have had a bit more time to peruse the latest ann and also to compare it to the last activities report and I feel after doing this we are not that far away from fulfilling the conditions precedent required.
Firstly this part of the announcement stands out
"Several Term Sheets inclusive of Metal and Royalty
Streaming options are being examined" so we already have term sheets that are being examined eg we are looking at proposals NOW

Then compare this with these snippets from the activities report on the 29th April

"The Company has received its first Indicative Term Sheets for debt
financing with further submissions expected."

"In perusing the least dilutive financing option for Stage I, debt financing is
being advanced and with indicative term sheets having been received and
further submissions expected. Additionally, a select group of South American
and international banks are evaluating the project with a view of providing
credit-approved term sheets in coming weeks."

So I feel we are further down this road than some might think, as they are already considering term sheets for this. This is further advanced then than in the quarterlies report when they stated that brazilian banks were evaluating and that they were expecting term sheets, well we now have the term sheets from the brazilian banks and we already have the term sheets for options on the 12 mill, I read it that we just had to make a decision on which term sheet remembering the plural here "term sheets"
Well thats my rose coloured glass view so I still think this latest ann ws extremely positive.

Also as stated in ann we already have trial mining licence and we have been approved for stage 1 by the authorities see snippet from quarterly below



"STAGE I – ANTAS NORTH

Brazil’s regulatory authorities have approved the Stage I Mineral
Resources including the Antas North Deposit1. This timely decision
paves the way to progress to a full Mining License. The next
regulatory step is submission of a Mining Study2 and this is nearing
completion."

So all in all it was a really great anouncement in my view. I am expecting more news soon even if it is only JORC then I expect there will be regular news flow as previously stated by a few already on HC but this is backed up by the fact the company is in DOING mode you only have to read the last couple of annoubcements to see just how much is going on. Anyway just a post based on my understanding of facts provided, stand to be corrected on any, but I feel we should be EXCITED even though it requires patience, Will be interesting to see if we get JORC this week , all the best to all