Welcome To The Allana Potash HUB On AGORACOM

Focusing on the Dallol Potash Project in Ethiopia

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Message: Well well well. No disappointment, DELAY!

hpmark7, we are all disappointed with the delays. No doubt about that. But the timeline as it stands says that DEBT financing is scheduled to be completed by Q4/14 to Q1/15. There is no change in this timeline. When the presentation says FULL financing to be completed by Q2/15, I take that to mean that whatever extra monies they need to raise to meet the CAPEX numbers will be raised by the middle of 2015. They do NOT need to have all the CAPEX raised all at once to start mine construction. But the majority of the funds required will be debt, and that will be raised by Q4/14 to Q1/15.

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