RE: Investment Thesis Good post ! however I can't disagree more.
IFC : will not contribue more than 10% in financing
Alllana : has no experience in building or running a mine
No partner: No partnership exists with a miner
Finding : No hard $ commitments... soft commitements are 3 or 30 fold make no difference
As private small company, India and China will not participate in funding without controls in allana either through Ethopian Government or 50:50 deal.
Money some 20million will run out in 3.5months towards hefty salaries, allowances and squandering to fellow sister cheer groups... proedgewire, FM, small cap power, ubiqity, others...
Then what,.... another round of financing will dilute SP into 20 cents range.