“Yes, they could finance with debt, but what do you think the terms would be for a project in the DRC, 12%? “
Maybe you should have spent your 10 minutes more wisely, the previous funding arrangement before securing the acquisition was 7%. Obviously you’ve also missed the January election appointed an anti-corruption guy so historical political risk has taken a significant step change. Put that into your risk assessment profile
Bottom Is In, page-127
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