Ann: Executed Offtake Agreement and Strategic MOU with Shenghe, page-133

Definitely premature, Peak have stated plainly they intend to maintain a controlling stake and things are progressing as all parties have continually stated, No reason to suspect the Tanz Govt would suddenly change tack, The new President is showing a steady and considered approach to the whole sector.

Seems to me Shenghe will fund the lion's share through offtake with the remaining $100m as debt facility through one of their prefered chinese banking institutions. There might be a minor equity component outstanding at the end in order to maintain Peaks majority holding, this has all been stated in company presentations.

Shenghe have a binding offtake which remains contingent on them finalising funding. If they were to fail to deliver then all bets would be off and another party might enter the fray, but as things stand this will follow the clearly stated timeline albeit at snail's pace.