Hi Red,
Just out of interest, do you know why WKT hasn't signed its framework agreement with the Government of Tanzania?
The HYR detailed the following
In preparation for commissioning and project start, Lindi Jumbo has prepared for the placement of critical
operational contracts, started the recruitment of key operational personnel as in the operation readiness plan
and advanced the formal framework and shareholders agreements around the free carried interest with The
Government of the United Republic of Tanzania in accordance with previous documented guidelines from the
ministry. These framework and shareholders agreements are not a pre-condition of operations nor product
sales.
As you would have seen today, 2 other ASX-listed companies have now completed their negotiations and the formal agreement has been signed.
Do you think with WKT not completing this requirement, it will impact WKT in securing its funding from Gemcorp?
Ann: US$20m debt facility to complete the Lindi Jumbo Project, page-259
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