No excuses
@tiptruck as ur fully aware.
Wolfy had his representative there who asked some Q's as well.
I'm sure as No2 SH your fully up to date with what's happening without resorting to HC
What does surprise me is why you keep saying stuff on here that you know is more than likely incorrect? Care to explain why?
The couple of things I will add are the board are hesitant to provide a definitive timeline on this pivotal stage because it is out of their hands. JS continues to lobby at the highest level, And they reiterated CAY have completed everything required of them.
They are fully aware of the negative effect and impact it can have to provide such timelines, based on our history and when they are able to provide an update to market, they will do so.
Mark, Scott and JS are all smart operators and have many many year's experience doing business in Africa. They know what their doing and as I said, I was very impressed with the leadership now being shown and feel confident with the future here.
Everything else has been said previously and was again reiterated. JV, Offtakes, Rail, Port agreements will all be actioned in due course once the Mining permit is issued.
JS confirmed the Mining permit/license being issued is not subject to any financing clauses. In other words, The funding of building the mine etc will all occur AFTER the mining permit has been issued, and IS NOT a requirement for the permit to be issued. This is contrary to what some on here have stated multiple times.
Mark reiterated in all the business he has conducted in Africa over the last 40 years or so, Financing a project has always occurred after the mining permit was issued, not before.
There's 3 weeks before the Cameroon executives start their Xmas holidays, so fingers crossed we get some positive news before that occurs.
Oh 1 last thing they confirmed yet again was the cost cutting measures they have undertaken, which included closing 1 of the offices in Cameroon. We're already aware of the salary reductions as well.
Mark outlined the next Quarterly will show the cost savings that have occurred.
Not much more to be said really. There was no hype or false hopes provided from what I witnessed. They kept it real and answered any questions to the best of their ability.
From my personal perspective (which is not advice) Upon the MC being signed, these fine gents will be in the money with most, if not all of their options we have just approved within 12 months. And they'll deserve them.
