BML Chart, page-2621

The lenders haven't said, "Yes we will give you finance if you make the following adjustments". They simply declined to provide finance based on the project economics that exist.

Sinic was literally telling everyone that lenders were "frothing at the mouth" to lend Boab money. The reality is very diffierent though. They don't like the project enough to lend even a single cent. This is the commercial banks and NAIF too.

Boab is running very low on money at this point. Any raises over coming months will prob be sub 5c. This will wash out current holders but only raise enoygh money to pay Simon and his colleagues their salaries and not much else.