RE: Interim Report...17 Jan 2020 15:27
Okay so actually reading between the lines
"While good progress was also made in concluding a joint venture agreement with the Chiadzwa Community, to date we
have been unable to finalize the joint venture agreement with ZCDC, which, amongst other matters, will enable the
Company and our other Zimbabwean stakeholders to procure a special grant for the exploration, development, and
mining of the Concession. As Andrew highlights in his report, we were concerned in the unexpected delay in signing the
ZCDC joint venture agreement but we are pleased that discussions with the various Zimbabwe stakeholders are in line
with previous expectations, other than on timing, and we remain confident that we will commence our mining operations
in the near future. The Company is well placed to move quickly to monetise this opportunity with US$ 7.9 million binding
and conditional funding available in the form of tranches 2 to 4 of the Atlas facility"
First tranche is binding but it doesn't mention if this is binding to the Zimb deal being signed off.
"we were concerned in the unexpected delay in signing the
ZCDC joint venture agreement but we are pleased that discussions with the various Zimbabwe stakeholders are in line
with previous expectations" is this trying to put a nice spin on, its taking longer than expected but communication is still there?