Hi Croc,it is good you are starting to research MRC, no doubt...

Hi Croc,

it is good you are starting to research MRC, no doubt you want to jump ship from WKT,

MSR is the company that holds the Tormin project, the ownership is 68% the minority shareholders are free carried (the local black empowerment/indigenous people)

MRC controls 100% of the project and the minority shareholders are paid dividends when the company declares a profit.in simple terms, its like the Tanzania government Free Carried Interest in your project, which can be upto 50% ownership.

The loan from GMA Garnet is yet to be fully drawn down. Around $3.6mil out of the $10-11mil has.

I am sure cashflow will be used to service the debt.