We only just signed the bulk earthworks contract, this doesn't exactly scream Jinan are not supporting financing however it does give a pretty good explanation as to why we haven't.
When you also look at Mozambique restrictions and take them into consideration?
Did Jinan say June? Has conditions on the ground in Mozambique and globally effected the timeline?
And management cannot just stamp their feet and demand financing either. It's a delicate process and with all the uncertainty around covid I wouldn't be placing undue pressure.
For me it's a simple matter of a steady pace wins the race, just keep shareholders in the loop is all I ask.
It's only mid September too so plenty of time to meet mobilisation target by September 30th, only a target.
Hope we get some good news today but I wouldn't be panicking any time soon either, cash position is pretty reasonably and there are no signs Jinan don't support the company equally.
TON Price at posting:
5.4¢ Sentiment: Buy Disclosure: Held
