Different Beast Soon13 Nov 2019 17:01
So as I understand it that’s the lot for the VWAP based CLNs, good riddance, but they have allowed Kefi to keep the show on the road until project finance is triggered. Once finance is triggered Kefi also get a cash kickback for monies spent so there should be no further near term cash requirement..‘As previously disclosed, its asset level partners are to provide US$58 million of equity in a staged investment into the Project, a proportion of which will subsequently be available at the KEFI Minerals plc level to fund Ethiopian-related corporate and exploration costs’