RE: so close to leaving ?6 Jan 2020 17:49
Announced 2 times last year:
“In order to complete our proposal to the Government of Bangladesh (the "Government") the Company is also seeking to bring in a strategic mine development partner. To this end, the Company signed an MOU in July 2019 (just outside the reporting year) with both China Nonferrous Metal Industry's Foreign Engineering and Construction Co., Ltd. ("NFC") and PowerChina to form a strategic partnership to jointly develop the Project. We have provided NFC with access to our data room and they are in the process of completing their due diligence studies. Once these studies are completed, we believe we will be a position to formalise our business relationship with NFC to develop, finance, operate and manage the Project, and thereby enable us to submit our proposal to the Government.“