We can assume your here to save us from ourselves a noble cause…A lot of references to to your post where you stated the project has fantastic economics while you were holding…US$1200 free cash margins
I really don’t agree with your comments that at SBLC is difficult to come by…Am sure a replacement standby letter will be inclusive of (KYC) Know your customer
A SBLC does take time but not difficult by any stretch and considering you have also stated the project has fantastic economics the security is higher than most once in production…Due to inflation where concerns across the world at present only increases the value of works already achieved…Fixed pricing contracts have cemented value to the balance sheet…$$$ Tick Tick Tick
Let’s not speculate on what value is attached to a project nearing completion with fixed pricing contracts…It would be far less favourable if the project was racing towards construction and not having a natural hedge with the US$…I believe this where your favourite project sits facing a major shortfall of construction funds…Good luck with that
Lindi are building a World Class project nearing completion while exposing high grade outcrops along the way from surface…Very had not to hit high grade from surface already demonstrated in outcrops not included in the DFS…
What have you achieved since the last cash raise…? The share price has dropped from over a $1 to 22 cents…Hardly anything to be excited about
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