RE:RE:Austrian delegation inspected Sangdong mine redevelopmentMany thanks sage for that "ease of mind" post.
Now we know why there is a delay, and roughly when to expect loan closure, plus a stamp of approval from the Austrian Embassy councillor on behalf of the banks in their absence due to the virus.
I expect work to continue on the new mine access portal and the other prep. works already in place.
Once again it is a shame we have to get this news from a third party instead of an official Almonty NR.
Extract :- "An official from Korea Jungseok said, “Almonty’s loan for the development of Korea’s Jungseok mine (Germany KfW IPEX Bank) was delayed due to Corona 19, but it is expected to be executed within November at the latest as the Austrian Embassy's councilor visited the site.”
“The councilor of the Austrian embassy listened to the briefing at the site and looked around the site, and after seeing the site, he was very satisfied and revealed that it was a meaningful visit,” he added."