Ann: Half Year Accounts, page-51

just what I thought Mr2penny

DFC Legal/Commercial DD are the final step to approve funding of a risky project and if relevant to them an absolutely complex downstream business model that is planned in parallel. We shall realise pretty soon I guess what their appetite really is. By first week of March surely, if not by then, then I’m sure shareholders will start realising the dream is over

Karibib needs UAE Chem plant and Chem plant needs Karibib to survive unless third party economically feasible and fully funded concentrate mines come to fruition for feedstock but unfortunately there are none that I am aware of so it’s RISKY business model like I have never seen before

Notwithstanding, all that matters now:

FIRST STEP: timing of DFC debt and expected interest

timing of and amount of equity placement/s and at what discount price

amount of additional debt and expected interest

securities on all the above

still a while to go…sp likely to drop further due to the expected arrangement of the FID and the dilution this likely to bring.

crystal ball stuff