RE: Financial update13 Apr 2018 13:04
Extract
As of the date of this report, Talaxis has invested �5 million (US$7 million), which is funding the initial phase of the Feasibility Study, for a 20% interest in the project with Mkango holding 80%. This investment will be reflected in the financial statements for the quarter ending March 31, 2018.
So in other words instead of MKA owning 100% of Lancaster they will own 80% due to the terms of the deal with Talaxis. Where does it say the money received will be accounted for?
So yes I read the report and understand it....do you?