The terms of the loan were negotiated based on the current...

The terms of the loan were negotiated based on the current market conditions and the specific circumstances of Walkabout Resources. The interest rates and profit share splits may seem high, but they are necessary to secure the funding required to complete the project.

It's also worth noting that the fact that the loan is binding only upon approval is a standard industry practice. It's important for both parties to conduct due diligence and ensure that all regulatory requirements are met before finalising the agreement. While there are always risks associated with any business deal, the fact that Atanas Bostandjiev, the Founder and Chairman of 100% of Glencorp who was a director of Goldman Sachs and Merrill Lynch, is involved in the negotiations should provide some reassurance that this is a legitimate opportunity.

Furthermore, while the market may not have reacted as positively as some had hoped, it's important to remember that the loan is not the only factor that will impact the SP. Walkabout Resources has several other positive developments in the works, including the completion of the Lindi Jumbo Graphite Mine and Concentrator Plant, which is expected to begin ramping up production in the next few months.