RE: RE: We Need A New Leader Geezer, Those are the tranches for the new release of funds. The loan - the entire loan - was to be completed in March [or before]. We are borrowing on a line of credit, paying a HUGE premium for it and the BNDES loan continues to be delayed. Note that the second tranche of this early release is March 31st. What is going on with these guys? This is a bit of nonsense.
As you will remember, we earlier borrowed $11 million and that cost us $1.5 million in 'advanced payments'. This time around the $30 million is costing us a ton of shares. Why can't they just close the damned loan instead of hanging us out to dry? NEVER trust a banker. I hate to grouse but this loan is VERY late in being funded. Not only are we borrowing against the loan that should have been closed a fair bit ago but the production date has gone from Q1/2013 to Q2/2013 to [now] Q3/2013.
So we wait........
Meanwhile what's with Currais Novos? It has been nine months since they announced the start of production and they're STILL not at full production!? I'd hate to be too demanding but what the heck is going on?