It seems it's not only the Syrians who are enjoying success in their negotiations with the German Government.
Kibaran chief Andrew Spinks told 600 investors at the Resources Rising Stars confrence on the Gold Coast today that the company was on the cusp of securing debt finance for its Tanzanian graphite project from the key lending arm of the German Government.
Kibaran already has an offtake agreement with German giant ThyssenKrupp, hence the Government's desire to negotiate a project loan with the company.
Spinks foreshadowed the prospect of a relatively imminent anouncement on the debt front, which would ensure the project was on track for construction next year and production in early 2017.
Given that a debt agreement could be expected to be a major share price catalyst and open the door to an ongoing series of newsflow, it is understandable that Spinks was last seen briefing hoardes of investors at his conference booth.
KNL Price at posting:
20.0¢ Sentiment: Buy Disclosure: Not Held
