Hi all,
The drop in share price is a bit disappointing but hardly surprising in the circumstances.
My take on the order of events from here is:
1 Get the approval for the rail link finance (can’t see how we don’t get it now but arguably the only thing that isn’t a foregone conclusion)
2 Shareholders EGM to approve the finance package (foregone conclusion)
3 Formal approval of the finance package by Noble, IDC and the mysterious second party (foregone conclusion now that the second party has agreed subject to 1 and 2 above)
4 Finally start construction of Boikarabelo!!
So with the above in mind, my understanding is rail link approval effectively means Boikarabelo will happen. I wonder if based on this they will announce the rail link finance approval when it is received??
Can any more learned posters confirm this is the likely order of events or cast any further light on the situation? Cheers.
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