business negotiations can29 Sep 2015 10:35
often run over expectations, however, a few days is neither here or there with the potential and new model of diamond supply, and no firm date was set from what is see.
' the Board has been intensively and positively refining the Company’s funding options with potential financing partners from an enhanced commercial position. Several funding options are in advanced stage negotiations, with due diligence now complete, and as previously announced it is possible that the Company may seek ITGT to fund the downstream diamond operations in Dubai, with an alternative funder providing capital to initiate and accelerate mining at both Mothae and Lemphane. We look forward to updating shareholders further later this month.'
”'As such, the Board may agree a funding package for both Mothae, and the Lemphane project with a party other than ITGT and on terms that differ from those which have previously been announced, but which may prove to be more commercially attractive to shareholders overall'