"Progressing investment, development and funding options for the Ngualla Rare Earth Project (“Ngualla Project”);"
- I thought funding options had been all resolved and we were only awaiting the Final Investment Decision, perhaps this refers to Shenghe's various financing options? possibly who they obtain finance from/through, hopefully not opening up any renegotiation that impacts Peak.
"Whilst Peak and Shenghe are continuing to progress the finalisation of transaction documentation, there remains some material unresolved matters. Peak and Shenghe are also evaluating possible amendments to the transaction structure to account for the potential impact of recently proposed changes to Chinese rare earth regulations."
- "Material unresolved matters" are significant and important matters that require resolution that relate to the "transaction structure" This points strongly to opening up renegotiation and further delay.
Again the finger can be pointed at the company but it seems more likely the Chinese are the ones wielding their weight to their ever self serving interests.
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(20min delay)