Xtract Resources would have paid the contractors who have yellow plant on site . It's for the contractors to pay their employees that's created a blockade at Chepica . The contractors would have moved on months ago if they hadn't been paid so I hope you understand what I mean and not have to go over and over explaining my opinion of this .
The longer the negotiations go on for at the Mozambique , Manica license prospect the more chance a Joint Venture with ( MTI ) will incorporate the hard rock at fair brides with the already announced alluvial material processing .
and it's November. Colin Bird stated things could start happening in November. The BFS for starters, I wonder if he already has a bank loan lined up with only a favourable BFS needed to sign it off ? I'm not sure about getting our equipment out of Chepica though, I rather think that will be held to ransom for the monies we owe. We would need the permission of the land owner merely to set foot on the site to retrieve anything I should think.
Ooops ......... not totally debt free but instead of owing YAGM with their costly loan package we have with them . We'd have a low interest loan from a bank , same with paying off Auroch . A low interest rate loan is far better in my mind and I'm sure someone would soon pick up on that fact .
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