Ann: Lindi Jumbo Project Update, page-272

spid quoted : 'The USA investor was issued around 6-7mil fee shares (Free shares) for providing equity that was required for the Tanzania bank.'

ASX Announcement States : ***The Company has agreed to issue 2,360,495 shares in satisfaction of a fee payable to the Investor.
This announcement is authorised for release by the Board.***

Very unlike you spid. The fee payment was also for the entire $10M US available. However to this point only $6.3M has be drawn on by Management and considering Lindi is 'Under Budget and On Schedule' it should remain @ $6.3. If however something unforeseen was to happen with construction, we have $4M US still available. With all fees payed. Just to be clear.

I also concur with Croc in that any perception of negativity linked to the final CE delivered by BMCG has already been offset by Plant Expansions, Obvious discussions around extra Offtake Agreements Linked to Europe Partners and the Premiums delivered to Lindi's DFS due to Graphite prices continually rising.

So let's not try to appear clever by suggesting BMCG will be issued with their second placement because 'Blind Freddy' could see that one coming. Judging by the increased traffic from the downies her today it could be assumed that it's already been lodged. AIMO. As always, DYOR.