Hi Croc,
the additional funds from the loan are for a Mineral Separation Plant, If GMA Garnet buys Tormin, they will fund the purchase, if they decide in 3 months time not to purchase Tormin, MRC will drawdown on the loan to complete the MSP and move into producing finished products.
Its not that complicated to understand
Ann: Tormin update and exclusivity for potential sale, page-34
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