Well they definitely have enough cash now to get things moving.
Plenty of announcements coming in next quarter,
Over the next three (3) months, Genmin expects to deliver a number of significant milestones related to Baniaka that
will inform its final investment decision in mid-2023, including;
• signing the long form rail, port, and power agreements;
• lodging the social and environmental impact assessment with the environmental administration; and
• submitting a mining licence application.
Ann: Genmin receives AU$7.9 million cash following Placement, page-2
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