Ann: Mothae Mine conditional Sale and Purchase agreement executed, page-31

I don't see that debt finance will be the sole financing solution for Merlin. So to answer your question 'why would I wait' - because I don't want my shareholding to be obliterated through massive dilution, again.

And I'm pretty sure the modelling for Mothae showed that it would also be an economic mine, under parameters set by Lucapa. And look how well that turned out.

As I have said before Cridz - it's easy to present your views as a non-holder, but being that I have skin in the game, and substantial accumulated losses in Lucapa, I would be appreciative of an opportunity to recover at least some of that lost capital in the near future (i.e before I'm dead) - and I think the best chance of that happening is through Lulo.

But like I said, I fully expect that Lucapa will continue on their merry way doing as they please.