Okay, I'll put my serious hat on because this is a good...

Okay, I'll put my serious hat on because this is a good discussion.

You kind of just said I was right but don't even realise by the sounds of it?

Companies ran to raise equity....Because they all were scared to the living daylights of this pandemic...Many had no idea of the medium/long term ramifications of covid-19.

Strengthening the balance sheet is code for...We have no idea if we will have any form of revenue for the foreseeable future.

The airports and airlines are a perfect example of this...Many of the capital raises were supported because shareholders understand the consequences of not raising capital could be dire a little down the road.

I will tell you...Both globally and domestically...When covid hit home businesses held on to their cash...If there was equity they rushed to leverage it as quickly as they could, while they could.

Capex around the world including my own were put on emergency hold.

Invoices were not been paid.

My own organisation whilst hurting were fantastic to partners and stakeholders, despite putting a halt to all capex they had numerous meetings with partners who were not so resilient and could not honour contracts...My organisation said we are in this together in your time of need...We let huge amounts of money go to ensure these businesses survived and would hopefully be there when we returned to better times to continue to partner with...Long memories will be had I hope.

The world is in a pandemic...The top ASX blue chip companies who were lucky enough to raise capital were not doing it because they wanted to dilute the company...Cash flow into the future was a huge concern! Raising equity was painful but there was a distinct possibility if equity was needed in 6 months the sp could be half or worse and the support no longer available.

Those who could strengthen the balance sheets did.

Many companies actually cut back on inventory levels to preserve cash, this has caused severe lag in times of increased demand and had devastating flow on effects to smaller suppliers who struggled to weather the decrease in orders, or have the funds to respond with spikes in demand.

I have friends working in the big banks...I'll tell you now that they were personally handling huge loans to large organisations, not all were publicly listed. We are talking loans the size of Ancuabe capex and the rest just to survive the pandemic.

Jinan undertook a significant restructuring that was brought to our attention in November via the Shanghai stock exchange...Whole departments and subsidiaries were collateral damage including the investment arm...I believe it's now amalgamated into a more streamlined Jinan business model.

Mozambique was shut down...Most of the world was shut down...I don't think the average Australian fully grasps how serious this is? We are talking making 2008 look like a weekend at the casino.

Have you seen the relief packages America have passed? Looking at a new package for $1.9 trillion dollars! That says how serious this is.

Look at the hundreds of billions Scott and Frydenburg have had to pump into the economy to rescue it! When the Liberal government says we will spend whatever it takes the hairs should stand up on your neck.

These giant relief packages around the world are nothing short of a defibrillator shocking the global economy which was in cardiac arrest! The next US package is the defibrillator saying 'SHOCK ADVISED' continue CPR!

I'm just relieved governments have been able to coordinate these rescue packages, some can say all they want about Hank Paulson in 2008 but I think he saved the world's bacon with a few other leaders who knew the writing was on the wall.

I don't need to be told capital is free flowing without a worry in the world.

Just like the neighbours were likely reconsidering the new kitchen they wanted...Jinan in my opinion has seriously reviewed all planned capital expenditure and assessed the risk covid posed to it's business model.

I think businesses are tip toing out from under the beds after climatising and assessing...I think the vaccine's are bringing a little confidence back to markets who remain skidish.

I think we are likely to see Jinan push ahead shortly with financing for Ancuabe...The complete value add to Jinan is too attractive, particularly with EU and Democrats push for investment in renewable and EV. They can't sit back and try and bleed us, with the $2.3m cash on hand, add the INAMI holding we have almost $5m if you include it.

Jinan will get on with the show in my humble opinion...Peter is not holding on to his 5m shares because he likes you surely? Perhaps he believes they will be worth a tad more than the current $300k they are now? If financing was not on track he would logically have dumped them last month and rode off into the sunset instead of staying on as non-executive director wouldn't he?

Cheers.