RE: RE: RE: RE: RE: ooze Reading it again, I think you might be right that it's just some procedural thing. It is clear that BNDES won't release their funds until the escrow funds are released (which is normal), and now it's just a matter of getting those funds released, and Largo believes it has satisfied all the conditions for that, but it doesn't know for sure (because Arias et al need to agree that the conditions are met). Reading this made me feel better:
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"The Company shall have received a financing commitment from the senior lenders of the
Company's Maracás Property in form and substance satisfactory to each of the lead Investors
subject only to customary closing conditions"
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So it does seem like the escrow funds don't actually require that the BNDES funds are released, just that the lead investors are "satisfied" that they will be released... which is perhaps what the fuss is about now. So, we wait and see...