Ann: Update on Construction Funding for Nueva Sabana Project, page-4

Because you need to laugh, or cry.

"The change of approach has been necessitated as a result of the previously assumed
US$27M prepayment on concentrate purchases no longer being available"

I ask, what does "no longer available" in the perception of the company mean?

I mean, just tell us directly, because of what ?

Full mine off take construct finance ,
- were not satisfied they would on a probability basis get their money back ?
(re asset viability / or the jurisdiction allowing repatriation of funds ?)
- or was it other coercive pressures from cuba being under sanction ? As in, the project and repatriation of funds were fine, but would be penalized from other trading operations aligned with US. ?

Whatever their rational was, we must now take the same to a lender.
Hopefully the lender is not restrained in the same manner to which the off take financier was.
That is the sort of detail, the company would do well to be transparent about.