Ann: US$20m debt facility to complete the Lindi Jumbo Project, page-298

Hi Stirer, yes but that’s not the same as you claiming that it’s stated in the legislation that framework agreements aren’t required until paying dividends.

I assume the company knows it’s position, whether it’s from transitional/interim arrangements or otherwise so that wasn’t what I was querying. Anyway my understanding is that under recent regulations all holders of ML or SML had to within 90 days give notice of intention to commence negotiation re granting govt shareholding in J/V. Again I assume WKT have done this, from memory a recent update indicated they had advanced with the negotiations, so no reason to think they haven’t.

From there how long it takes likely depends on govt negotiating team, I am not sure why they seem to take so long, as I say the EGR and EV1 agreements don’t seem that complicated, but perhaps there is more detail behind them. The PEK one seemed to be more complicated.

Anyway, all the best with it.