pj will have this covered, page-2

It's anyone's guess FP. RES have always been extremely tight lipped about things.

From what we've been told thought, the debt financing is all but stitched up. The equity portion on the other hand...

I feel it's always come down to this. Mining Rights, NEMA, IWULA, Transnet, Eskom etc. all mere formalities. Raising $750m to finance the project has IMO always been the problem with RES and why we are still sitting on 30cps.

Still, it's not all that much of a bad thing. Think of the favourable position RES will be in once the power station, rail-link, water treatment plant etc are all built. We'll own a LOT of assets.