'No one will agree to financing until infrastructure is in place'
What infrastructure are we talking about here ?
Recent statement on this board quoting Andrew Trelar was
'He said if the Chinese finance & build the port that'll be brilliant bonus. When I asked what if they don't? His answered was they'll build themselves. Asked how on finance side? - they'll go on on small scale as planned initially using the old port & the revenue for the first year of 1m ton will help to finance it with Glencore 50% - '
Eden has been faffing around getting licences for the last 20 years
Sir Ben Gill died during the endless waiting, and Brooks has retired
These sort of Aim companys are suitable only for investors who will not die waiting, who have a 50 to 60 year time horizon, such as pension and sovereign wealth funds
Brandon Hills note seems to be no more than a statement of the obvious
' Whilst Vast remains optimistic that the grant of the Association Licence will follow shortly, events proceed very slowly in Romania and BHC believes it more likely to occur in September than August.'
Agree, had coms with AP a week ago and asked if timelines had slipped and he said not, just any day now. They are chasing the relevant office 2-3 times a day. ...'