RE: RE: Valuation? Sale or Production? Hi, there is the possibility the financing aspect may not be a big problem. Last 2 NRs and presentation talk about Nigerian bank debt financing. Presumably this is leveraging on the reputation and contacts of our Chairman (Equinox). We could be in a stronger position than we think there. If you get the $50m debt, the equity side will flow without issue. IMO. Risks here, but not what some of our freinds would like us to believe. I'm going to see how it plays out anyway, no point selling at 16c imo.
27/08 NR
we are advancing our discussions with several Nigerian Banks and other project financing avenues through debt for the development of this project for eventual production in Mid 2013
As always, opinions are like A/Hs, we all have one.