Given that the non-binding term sheet includes funding through equity, convertible instruments, and prepayment-type loan facilities—alongside Gerald's right to nominate directors to the boards of Lindian’s Malawi subsidiaries and Lindian’s board upon the first tranche of funding—can you clarify whether this agreement might result in Gerald exerting greater control over the company's operations or strategic direction? Additionally, how does Lindian plan to balance maintaining its independence while fostering this partnership?
With funding not yet secured, how does Lindian plan to ensure the advancement of the project and progression to the design and construction phases? Are there contingency plans in place to maintain momentum should delays arise in finalising the binding terms or securing the necessary funding?
Does the timeline for delivering an outcome within the funding exclusivity period align with the CEO’s performance rights vesting requirement of securing funding to award the main construction contracts by 30 April 2025?
LIN Price at posting:
9.1¢ Sentiment: Hold Disclosure: Held
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