The right for ME to loan money was put to a vote at the AGM. And again, by the definitions, if he's not holding more than 5% and he doesn't have a supply/offtake-type agreement, it is classified as independent. The loan agreement is a no-recourse loan in that there is nothing secured for the loan.
And finally, he is not involved in the decision making; that's what the N in NED is about.
What would a Global mining expert know?, page-54
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