Ann: Special Mining Licence Issued for Nachu Graphite Project, page-93

"3. A SML is supplemented with a MDA. The MDA is negotiated with the Government and can encompass Government participation, fiscal stability for the life of the project, dispute resolution mechanisms, environmental conditions etc. While a MDA is viewed as an important component of the development, the Company is in final stages of the advanced discussions with the Ministry. The MDA is not a requirement before the commencement of mining activities. "

Question for the wise and including Waz
When it says "and can encompass Government participation" , I interpret this as a free -carry for the Government of Tanzania.
What has it been in the past for major new projects - 5%   or more????

I assume this would be done by a good will issue of shares to Govt at no cost .

This question of dilution of 5% or whatever could explain the rather cool market reception to the news.
The finalization of this could possibly delay securing funding and commencement of development.


Any experts with an opinion???

Cheers, Thanks and good luck to long termers!