TSXV:AAA.P - Post by User
Comment by
edxon Mar 23, 2014 11:14pm
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Post# 22358323
RE:RE:ICL investment - All Africa
RE:RE:ICL investment - All AfricaANBCA wrote: This statement makes perfect sense and ICL would have no problem financing this project in house or through normal fiancial channels. I expect any lender wanting a piece of this action will have to offer very good terms and ICL won't pay an penny more than they have to. They will also not look favorably on further share dilution. This deal could be as good as done. FA stated in the interview ICL was comencing in country work concurently with lenders DD. He just failed to mention who the prospecdtive lenders were. Small oversight!
If this is how it turns out, I will offer a hat tip to Farhad. ICL already recently raised $275 million in debentures, which more than covers their initial PP into Allana as well as provides more than enough for a few tranches of loans. It is more than they would need for a while, but it might be a hedge against higher interest rates which everyone can see must come (if only a question of when).