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8M in working costs (drilling just one very well, Kawe 6-two, and suspending the 5-one effectively) alone plus a further $16M in fiscal costs. At present, I think that for ReconAfrica, accessing the debt cash market place couldn't be effortless since it has minimal manufacturing to use as collateral. Thus, the hunt for a JV partner that can inject liquidity and provides a lot more robustness to ReconAfrica is starting to become A lot more important.
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JV Partners: currently, there isn't any updates to the JV assortment method, and I believe this is simply not an excellent indicator. If possible buyers had found appealing content in the VDR, I suppose by now some sort of announcement might have already been designed. Certainly, it's been Nearly nine months because ReconAfrica released the procedure and no news is out.
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