The penny will drop eventually Semi and you will realise that Spid and other non holders are not driving the share price down. Instead the market knows that BMCG are offloading and furthermore the judgement of management is called into question given that they have failed to execute the project anywhere close to the DFS. It's been one cock up after the other and funding isn't locked in but far more precarious is the risk that Lindi won't be quickly into profit, if at all.
Ann: US$20m debt facility to complete the Lindi Jumbo Project, page-131
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