My understanding is the immediate money is to facilitate enough product to be sent to be pelletised. And the pelletised product would be sent to the relevant steel mills. I do read something happening here.
I spoke to Anna today re the supposed meeting next week that has yet to be announced. This is not happening. For one, Paul is in Canada. And two, they are working through to have two meetings in one to save costs. My assumption is that an AGM is due any month now and that they have delayed to do everything at once at said AGM. Or they have something else close to fruition.
Ann: Operational Update and Investor Presentation, page-17
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