Is magnis trading insolvent?, page-9

If Nachu is the asset secured against the payday loan, then it would explain why the lender keeps extending the due date plus topping up the debt. The special mining licence is subject to the company holder being solvent. Puts the payday lender between a rock and a hard place, if they don’t keep the lights on - then the Gov of Tanz can revoke the Licence. Or maybe this is the strategy and a 3rd party can swoop up the tenements.