RE:Monthly report If $1M is used to refinance debt, then $1.5M builds 60 sites at $25k per tower. Therefore the additional 40 - 60 towers is funded from Cameron operating cash flow = $1M - $1.5M over H2 2024 which is consistent with about $1500/mo/site.
"The FEI bridge facility assures the delivery of 600 of the 2500 sites forecasted to be completed by the end of 2024. The revenue generated by the 600 sites is expected to allow the Company to be EBITDA positive on a monthly basis by the end of 2024 or early 2025 paving the way for additional build in the year ahead.
The initial drawdown under the FEI Facility has been agreed at US$ 2.5M dedicated to Cameroon including approx. US$ 1M as the refinancing of the renewable energy investment made to date. Combined with operating cash generated in Cameroon, the amount drawn down is expected to complete the 122 sites with Orange and 100 - 120 new sites to be deployed."