Post by
drunk@noon on May 17, 2024 9:15pm
I have a bad feeling about the B Faso bank. Just my guess
but with what happening in B faso with the Russian influence and all, they might be getting what they can out of country and they are certainly no looking to tie up another 150 mill or so in counrty. I have a feeling this new loan agreement more or less allows Ozone to defer their payments on the current loan, so they can use all the cashflow coming through the door to finance most of the expansion.. It will be some kind of amended loan agreement with this and that, but basically this is what will happen. That way the bank doesn't have to advance them anymore capital but getsnicely compensated without much incremental risk.