General Discussion, page-2549

from the german forum... a guy called "Ben_41" is in contact with Arne Lutsch, which is in contact with AS

Hello everyone, I spoke to Arne earlier because he spoke to Andrew on the phone today and this is what came out of it. Spinks will only give an interview when there are real milestones. Unfortunately, he won't take us on the journey before then, even in normal communication. No idea why, Arne didn't quite understand that either. According to information from Spinks, Ecograf is waiting for documents or confirmations from KFW Ipex and not so much from Tanzania's SML. The next KFW meeting is on 14.02.24, possibly he means the financing commitment, let's wait and see how they vote there. Apparently the next 1-3 weeks will be exciting in this respect. But that remains to be seen and if nothing comes out of the vote for us on February 14, we will probably have to wait even longer. He was also unable to answer the question of the connection between SML and KFW approval or what is needed first, as Spinks is leaving him in the dark. Otherwise, Arne is very positive about the project. If the milestones and Ecograf's business model really come to fruition, there will be a lot of cash and share price, but that is still up in the air. However, there should be no illusion that the Tanzanian government will immediately clear all roads, although the new mining route is being propagated everywhere.

Tanzania still has to prove in daily business that it can do mining at a constant level, also as far as the local authorities are concerned. All in all, it was a very good exchange with Arne and he keeps me up to date via Whatsapp and I'll keep you up to date too. This is not groundbreaking news, but it does give us a little insight into the current situation. Any of you are welcome to post and share this on HC.

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