For those who have not heard this, this is a very important...

For those who have not heard this, this is a very important development
brrmedia.com/event/98425

Main points gleaned :

1. Potential off take company is a state owned electricity utility with a very good credit rating
2. That company and the potential engineering company that will build the power station went onsite to discuss plans yesterday
3. The MOU is a result of months of due diligence which confirms the technical approval and validates the results obtained so far on the quality and quantity of coal in Sese
4. Binding agreement expected in next few months will be for offtake of power for 10-15 years (WORTH FEW HUNDRED MILLION DOLLARS)
5. AFR will use holding company and not expose its balance sheet, thereby retaining substantial equity in project
6. More updates pending over next few months

Price at 21 cents - complete bargain !