“The Company is continuing project finance discussions and has received strong interest from several groups including banks, debt funds and royalty companies. The Company expects to review detailed proposals from interested parties during Q3 2018 and appoint a syndicate to fund the majority of the capital required to build the project by the end of Q4 2018.”
How much and at what interest rate will the finance would be?
With capital cost $180m, cash of $40m. WAF need extra $150m ist at least.
I think lender will not just in this for interest payments. We will see convertibles bond, etc.
Some bank may also want to buy gold at locked price too.
Ann: West African awarded updated Mining Permit, page-5
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