"shortly" keeps getting mentioned by everyone - I've now...

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12/09/19

23:58

Post #: 40405612
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Originally posted by reiners: ↑

Tansania Issues should be solved shortly.

From KNL today

...........

Resolution of Remaining Regulatory Aspects Expected Shortly

• Further meetings with the Tanzanian Government confirm positive support for Epanko and expected near-term resolution of remaining regulatory matters

Regulatory aspects of the due diligence are being undertaken in conjunction with input from the Ministry for Minerals, Mining Commission and Bank of Tanzania (refer ASX announcement Kibaran Receives Government Support for Epanko Debt Financing Arrangements 23 May 2019). In recent weeks further meetings and discussions have been held with the Bank of Tanzania, Ministry for Minerals, Mining Commission and Ministry of Constitutional and Legal Affairs to advance this process.

As Barrick Gold Corporation and Acacia Mining PLC are now expected to make their Scheme of Arrangement effective on 17 September, resolution of the remaining regulatory matters is anticipated to occur in conjunction with settlement of this transaction. The Government of Tanzania has reaffirmed its support for the Epanko development and that it is currently addressing legislative areas within the mineral sector to encourage new investment and Kibaran is confident of a successful outcome that will enable Epanko to be developed for the benefit of all stakeholders.

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"shortly" keeps getting mentioned by everyone - I've now changed my dictionary to translate that word to "sometime between tomorrow and never".

GPX SP sliding to oblivion mate.

MVL Price at posting: 18.0¢ Sentiment: None Disclosure: Held
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