The delay is a Trojan horse to remove the Mbalam convention...

The delay is a Trojan horse to remove the Mbalam convention extension from the new acquisition deal and obtaining the sweet concession from notheolders.

Since ANS/WAPRC has already obtained what they want from noteholders, the Mbalam convention extension is a matter of time. We will hear an extension soon. The China NDRC approval will also go smoothly without the condition of Mbalam convention extension. This time I am confident because they have revealed and lined up their large Chinese consortium to support the project. It seems that ANS/WAPRC locked the acquisition deal with SDL and noteholders, and gradually consolidate their support from Chinese consortium in 9 months. So they use 8 months to strengthen their bargaining position. There is no point to waste our time to talk about Congo rail and port. The Mbalam convention extension will come soon.