RE: Fall13 Jul 2022 19:24
It's absolutely ludicrous to assume funding will not be forthcoming. The commercial banking institutions have been to the site and a new CFO in place to handle that particular situation, need I mention it's a CFO with relative experience in the mining sector on the African continent. Now they also have the DFS to draw figures from, so it's all done above board and proper. The next marker is the MDA, and I don't expect that to be too long to follow, especially now as the Minister of Mining, (for Malawi), has also visited the site.
We may have a provisional banking assessment presented on the assumption, (no doubt in my mind), the MDA will be given to MKA.
The other avenue as CristalBall asserted, is the fact that we could easily be bought out at an offer that may be hard to pass up considering what we have and the requirement of much needed #REE material for the future and right now. In which case, YES, the sp will go absolutely crazy... and make no mistake there are those sniffing around, and most probably will make a bid upon release of the MDA!
Please note that the BoD may already have a provisional offer at hand on confirmation of the MDA, but due to NDA's may not be able to release to market.
Whatever the case, it's a win win scenario either way!