You said yourself you believed TONOD was a problem?
If true I'd atleast expect them to have the dignity of a week or two grace of the expiry date before announcing financing.
That post from UK regarding the collection of funding from Jinans entities may actually be something, it is exactly the figure for the bulk earthworks contract at $20m.
Jinan were slated for about $40m value contribution towards total Ancuabe capex, it was a mixture of cash and equipment. Perhaps $20m cash for first stage and rest in equipment? Like a standard home loan the building process usually requires the draw down of personal contribution before bank kicks in for remaining progress payment.
That release to the Shanghai market in June to signal their plans for financing to it's shareholders wasn't for our show, they didn't forward it to Tritons office or try to draw our attention to it. It was a serious announcement to their shareholders & it had very definite intent, this is past global souring of foreign relations.
I'm tipping financing drops at anytime now literally, however if they give the option expiry date a few weeks wide birth it wouldn't worry me.
I know it's hard to ask for patience but I honestly believe it's what's required and will be rewarded.
Just my thoughts, I know others feel differently and that's understandable.
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