I am a long suffering holding back in CDS days. In the announcement 25th August it was said
"Mindful of the present difficulties in securing terms of supply with Eskom, management had in parallel been exploring an alternative funding proposal to place before the Board. This proposal is not subject to a committed domestic coal supply. The credit approval processes of these lenders, who are familiar with the project, has commenced. First approvals and a signed term sheet are expected by end September/early October. At that time the Board will consider a recommendation from management and make a decision on this alternative funding proposal. "
Understanding we have been let down again and again however , what's another 5 weeks or so waiting for this ? Thoughts anyone?
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