Friends, - it’s just not the case that things are ‘all that bad’, -   

  • The company has been in discussions with the Government of Kazakhstan's Ministry of Industry and New Technology ("MINT") who are showing flexibility and understanding about the need to accommodate ‘modified’ terms for future financings; and this is not expected to cause any problems whatsoever
  • With $55 million of work in progress on the heap, and cut-to-the-bone lower expenses, cash flow is ‘good enough’ not to cause any serious issues
  • Work on a significant financing continues at a steady pace; it’s taking a long time (in no small measure) because there is so much at stake for the partner on the other end

Don’t mistake a weak stock price as the bottom line for the ‘real’ longitude and latitude here is powerful and compelling solid fundamentals about to be realized, -

   KS