The issue with CRDB Drawdown clearly lies with the SBLC. ***The SBLC submitted has not been confirmed as per the loan requirements and Lindi Jumbo has been informed that a replacement SBLC needs to be issued to the bank.***
The fact mine construction is continuing in the 'short-term' suggests this could be a quick fix IMO. ***Lindi Jumbo has received a short-term commitment from its major contractors to continue construction works.***
The final funding to Lindi may now possibly be layered and not as simplistic as a $20M CRDB Debt Drawdown @ 8%. But I feel a quick resolution should be expected now that all parties appear to be on the same pages. AIMO. DYOR.
Ann: Lindi Jumbo Project Update - Delay of Debt Drawdown, page-55
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| Open | High | Low | Value | Volume |
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