Ann: Namdini Project Finance Update, page-15

Interesting announcement.
I do not believe there is any desperation.
It is good for them to be patient, and to create and select the right mix of financing.
It is good for them to take time and pursue all options.
I don't see any need for a rush to finance this project.
They have some financing interest, some of it may be better than others, and there is no need to select something from this group without pursuing all options, including JV options.
A 50/50 JV partner with deep pockets and extensive mine development experience in Africa should be considered, along with the other options.
I think a 100% takeover is unlikely, unless it's north of $1, which is unlikely at present.
I would not be surprised if this takes quite a bit of time to complete, and possibly another year at least, because they may have JV interest from Canadian and European gold companies.

Gw