From Monday's update
posted on
Jun 25, 2014 05:38PM
Focusing on the Dallol Potash Project in Ethiopia
In addition, the take-or-pay contract signed with ICL for 80% of our eventual potash production has not only solidified the financial robustness of our project, it has also attracted interest from international commercial banks and large investment institutions, as well as some private equity entities. This has allowed us to consider more flexible forms of additional debt & equity and an overall less dilutive project finance structure."
Anyone want to make a guess what form these flexible forms could be ?
It was mentioned by Farhad at the last meeting that some of the contractors wanting to build the mine showed interest in providing some kind of financing for the project.