LINDI JUMBO CASHFLOW
During August, Lindi Jumbo made what is expected to be its last draw on the senior debt Tranche B facilitytaking the drawn amount to US$4m. Two Tanzanian domestic banks have provided Lindi Jumbo with creditapproved overdraft facility proposals for US$3.6m-$4m. The overdraft facility will largely be used to meetdifferences in timing between receipts from sales and local operational costs. Lindi Jumbo is currentlyevaluating these offers. To become effective, both Company and senior debt provider approval is required.
Ann: Development Progress - Lindi Jumbo Mine, page-7444
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