It's Africa, nobody thinks its simple.
Nobody questions the impact of FCI changes on a company's profitability.
You actually missed the most important part of that announcement:
Graphex is yet to confirm whether the spirit and intent of the official letter will be captured by the publicationof supporting regulations and guidelines and will continue to engage with its project financiers Castlelake asto whether any further clarifications are sought.
But the fact the Company felt it was able to post this update says alot.
Nobody is questioning the conditional nature of the funding arrangement.
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