This is from the annual report, assuming there are already negotiating ?? and the annual report is at a particular point in time ! Maybe hence the share price weakness ?? Any thoughts ?
The next steps in the regulatory process include finalising a Shareholders’ Agreement and constitution relating to Newco and negotiating an Economic Framework Agreement (EFA) with the Tanzanian Government. The EFA is expected to set out the fiscal
framework for the project and provide economic, regulatory and legal benefits. It will be negotiated with the Tanzanian Government in the coming months. Peak’s other Prospecting Licences over the Mikuwo and Mlingi tenements will continue to be owned 100% by PR NG.
Ann: Annual Report to shareholders, page-2
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