Where I said 100% debt.... I've always posted DD that Allana has posted here showing they are looking at the 60-70% max debt side.
I did say that they needed to raise equity and that may very well come from the Chinese construction company.
SHOW ME WHERE I SAID 100% DEBT....
See below.
1- the 3 month waterflow rate test is well underway and will be completed in Jan.2015, also the cavern test will be completed at that time. This is what is holding everything up, once the lenders get the results ( which should be very positive ) we should be good to go.
2- the finnacing funds will be coming almost all at once for the most part.
350 million from Developement banks
150 million from reg. banks in Europe and the USA
100 Million from our partners, ICL, Lib. Mining & metals, World Bank.
50 Million when need from the market when share price is up and the funds are need (if needed)
3- The largest construction company in China ( and maybe the world ) wants to be the builder of our mining operation and if they are, than they will take a stake in Allana. They are the main builder in Ethiopia at this time on many projects.