Ann: Response to ASX Price and Volume Query, page-44

That's a good read JR, thanks mate

Here's a passage from the KNL ann, sorry dude, not trying to steal your thunder but it made me feel confident after my recent punt on MSR and hopefully gives the long term holders some comfort too.

The mining regulations supporting the new mining laws were issued by the Tanzanian Government on 10th January 2018. Kibaran has reviewed the regulations and is waiting for the Minerals Commission to be operational in order to discuss matters that the Regulations are silent on and their impact on the proposed Epanko debt financing arrangements.

The Tanzanian Government has recently stated it is ready to make any necessary changes to the legislation in order to ensure that all the stakeholders in the sector can benefit and in turn contribute to the growth of the economy. This was stated on Friday 14th February 2018 in Arusha by the Deputy Ministers of Mines Stanslaus Nyongo and Doto Biteko during a meeting with mining stakeholders including TAMIDA, the mining entrepreneur’s association and FEMATA, the association of miners.

Speaking on the matter, Deputy Minister Nyongo said that the Government through the Ministry of Mines will not hesitate to amend anything in the Act or Regulations that will be shown to be a hindrance in the mining business in the country.

Positive meetings were held with Tanzania’s High Commissioner to Japan, Australia and South Korea, His Excellency Mathias Chikawe in Canberra and, also with theMinister for Minerals, Honourable Angellah Kairuki (MP) in Tanzania.

Hopefully the Tanzanian Govt have realized they went too hard too fast last year and many foreign producers / explorers could walk so they are softening the restrictions. If not they will be screwed if the foreign companies no longer have incentive to generate revenue there