Ann: Market Update - 28 October 2020, page-23

Here is IDC's reason for leaving us high and dry...False commitment form IDC is disappointing though. We gave them a cracking deal in the 10% of Ledjadja for only $100M (and that was all debt). They also got royalties. What they had was a cracking deal, so it's disappointing we gave them so much and in return they let us down at this stage.

That makes this quite a lucrative opportunity for another funder, PIC or Noble.

https://www.reuters.com/article/idc-results/s-africas-industrial-development-corp-to-diversify-equities-investment-after-sharp-losses-ceo-idUKL8N2HH4M2

Fox, I think you are quite right with your suggestions above; and or slight variations of the above.

I think everything will be back on the table now, depending on short term cashflow?