Ann: Bunyu Development Funding Update, page-39

As with most of us who were or are currently invested in Tanzania I don't think you'll have to worry about parting with too much money to the ATO this year, at least not on your Tanz-based investments anyway.

Tanzania is a basket case. There are several very viable graphite projects I Tanzania but none of them (nor any of the less viable for that matter) have been able to secure project funding. The actions of the Tanzanian Govt over the past two years have made it abundantly clear that they do not encourage mining investment from the West.

If a bond issue in Tanzania was not viable I would be very wary of an attempted bond issue in Mauritius. IMO this seems like a desperate attempt to salvage a funding avenue that has very low prospects of success.