GREY:WWEXF - Post by User
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cloreenbaconskinon Sep 24, 2014 11:48am
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Post# 22965972
Update from Guy Duport
Update from Guy DuportHe is currently in Europe conducting targeted meetings with interested parties.
WAI is in advanced discussions with a financial institution for long term financing needs.
I asked about Bellzone and their recent troubles with China Sonangol/CIF. He said Bellzone has just found out that CIF were not the strategic partner they appeared to be/that WAI had hoped for.
WAI, unlike Bellzone and many others, has insider/management financial backing (ie. SARI).
Due diligence takes time for investors to complete but with WAI being close to port and infrastructure, it definitely has an advantage.