You are correct that there are no indications of any off takes. If there were details would have been disclosed.
The MOU should provide an insight regarding which neighbour may be happy to purchase our bauxite or allow the use of their facilities or infrastructure. Let’s wait and see. The news can only add extra value to the company.
Re cash. There are 100million 2 cent options that can be converted at any time. All are in the money. That’s $2 million which could enter the bank. So there may be no urgent need for a CR. Time will tell.
Ann: Digestion Test Results Gaoual Bauxite Project, page-24
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