RE: RE: RE: We Need A New Leader Hi stack,
"I do believe this news is the first that actually tells us the loan WILL be done very soon"
Why would you believe that? The longer this protracted loan goes on the more precarious our bargaining position. The BNDES banks can bend Largo over now that it's too late to put another loan package together.
Meanwhile the small cash flow from Currais Novos and what Largo is borrowing is funding everything Largo is doing. If that loan does not close PDQ we are in jeopardy as we owe a LOT of money and have no cash flow to service that debt. It's comforting that Mark is encouraged but that isn't of much help.
If I may point out, the loan was to be closed in March AT THE LATEST and the second tranche of this "early release" of funds isn't until March 31st. That tells me it will not happen until at least April - if then. Again, NEVER trust a banker. This is not rocket science but they sure are dragging it out.