I think everything is held up solely because of Tanz Gov. The project is clearly viable but no bank will sign on without confirmation of FCI. Nor will Posco prepay for $20m of product without better reassurance that the project is going ahead. It is insane that Tanz gov wont formalise the FCI.
'We want a free 16% of the company'
'OK, no problem. Can we please get something formal in writing to give to the bank so that they will fund the project?'
'No'
'Why TF not?'
'???????????????????'
IMHO of course.
I think everything is held up solely because of Tanz Gov. The...
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