A positive step but by no means is the cash available to build things...
"Draw-down of the Project Debt Facilities is subject to customary conditions for these type of facilities including MZI finalising some remaining contracts for the Keysbrook development including offtake contracts ...."
These have been in progress and "imminent" for the past 18 months, in fact weeks away in Feb.
Does anyone have a view on whether the issue was that the project had to be funded in order for the contract to be put on the table, or that these things are really as rare as hens teeth and may take a while yet or at least until the market improves.
Based on history, this may have some way to go.
Just my thoughts
TP
MZI Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
