The debt facility was approved. What's left is the draw down...

The debt facility was approved. What's left is the draw down event. Even at the investor roadshow when Mike was asked this question, his response was along the lines of doesn't necessarily see why draw down event qualifies for an announcement. It is almost BAU, when company need to tap into that as EPC milestones comes into play, company will do so. The key event was when WKT satisfied all condition precedent and letter of credit submitted. Or an analogy when your bank approved of your home loan, not the settlement timing.

Projects have critical path and if there are delays, not all would necessarily impact the schedule. If there's material impact then you would expect the company to announce so subject to continuous disclosure. In doubt, you can always call the company management to seek clarifications.

The problem with Spid & co's question is that it's a scatter plot of hit jobs hoping for a response. In the past, Spid has questioned the Tanzanian 16% free carry - just because no other company operating in Tanz has given a clear answer on how it's done, doesn't mean WKT hasn't had that dealt with. In fact being the first to progress to construction on local debt package means WKT has set the template for other companies that may follow in the footsteps. Perhaps Spid's mob should ask WKT management what to do, but they are far from that stage yet.

If you haven't listened to the recent investor forum recording, recommend to give it a listen. Operating in Tanzania is far more nuanced than waiting for some people stamping on a piece of paper. Majority of employees have to be locals, with succession plans in place once the project is up and running.

As for the departed COO, there were some animosity in the shareholder base and some are not unhappy to see him leave, personally I think Allan has contributed to the project in various capacities and I thank him for the services. People have different personalities and objectives, and this is a planned transition and no impact to what WKT is currently focused on.