TSXV:AAA.P - Post by User
Post by
stock_for_goldon Jul 12, 2013 10:09am
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Post# 21604002
Questions to Richard
Questions to RichardI thought that some of you may be interested in some questions I had for Richard and his response to me.
Hi Richard,
I see that things are on schedule when looking at you July Presentation. I do have a couple of questions concerning Allana.
My first question is;
Allana had mentioned that a number of institutions were interested financing this project . Since Afrexim Bank had
mentioned that they were interested in lending Allana 600 million dollars, is Allana still looking at other institutes (as well) to help with financing?
My second question is;
I noticed that the timeline for the ramp up and full production has now been slated for the 2016- 2017 year. Will Allana still use trucks to transport potash to port
or will you now wait and use the rail lines since they should be completed around the same time?
Thank you for your questions.
1) We have a syndicate of 7 banks and the Afrexim bank is just one of them. The press reports misquoted the EVP in charge of our file...they do want to increase their exposure to our debt financing amount from their previous "soft" commitment....
2)..We are just being conservative with our timelines but we still expect to be fully up and at full capacity before these dates...however, to be on the safe side we continue to base our forecasts on truck transport only...If rail is ready...all the better!!!
I hope this helps...
Cheers,