It all depends on what trust capital you put on the management...

It all depends on what trust capital you put on the management now.

1. Do you find it unusual to acknowledge our condolences?

2. Why is there a need for the project management team in IC now? Not just the legal team?

This is from the transcript of yesterday’s presentation:

”Moving on to the Ivory Coast Project, I would like to first acknowledge our condolences as we were saddened by the sudden death of Prime Minister Amadou Gon Coulibaly in July; he leaves a legacy of strong leadership behind him and big shoes to fill. He was a widely respected statesman and worked for a long time in public service to help grow the country to what it is today and was instrumental in laying the fundamentals for a very strong positive outlook. The Prime Minister was laid to rest this past Friday in his hometown in the north of Ivory Coast.

Unfortunately, our project for the construction of the water treatment plant in Ivory Coast has been delayed. I want to emphasise that Fluence and the Ivory Coast Government are continuing to eagerly support the project and both parties are looking forward to seeing the plant constructed and to delivering fresh water to the residents of Abidjan as soon as the last administrative requirements have been completed.

Together with the Ivory Coast Government, we are currently working to complete the last outstanding matters that have been delaying the completion of conditions precedent for the receipt of the first payments, which are limited to the completion of legal reviews and opinions by our financial partners. We expect that these last Conditions Precedent will be completed during Q3, and cash will then be received in the same quarter. The return of our project management team to Ivory Coast in July, more than three months after departing Ivory Coast, and now that travel restrictions have been lifted, will greatly assist us in pushing these last remaining items over the line.”