I think next 2 critical hurdles are MNB securing the remaining $11M, and Carrinho's MoU to be converted into a proper sales offtake (for IDC loan to actually be drawn-able).
The big question now is: Will these two be achieved, and when? No ETA yet, so it can be a month or two, or can be another 6+ months like with IDC.
Ann: US$14m Loan Facility Approved & Firm Bids for Placement, page-5
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