The core lending group consisting of the largest Development Financing Institutions (DFIs) and Exim-banks continued working with Allana throughout 2014 in anticipation of the optimization results

New DFIs based in Africa have expressed their interest in funding the project

Several large European and US-based commercial banks engaged with Allana to join the existing lender group

Term sheets with these banks are under discussion

The debt package to consist of DFI tranche and commercial tranche, most likely to come in at the same time

Allana is in discussions with royalty financing groups to fund the remaining portion of financing requirements (term sheets are being negotiated)

Target timeline for completion of debt commitments is mid-2015, with potential to start initial construction activity in advance of debt closing

Well, financing has become a super slow process for Allana, but it looks like they are trying to maximize debt and cover the rest with forward royalty agreements. This is good news, because it will minimize further dilution. Bought a little bit more today - the speculators who were betting on a financing announcement at the AGM exited in a hurry. Q2-Q3 for full/finalized financing (though who knows if this slips... again).

The rest of the presentation adds a lot of new, useful information. Check out page 15 about the possible commercial partnerships for construction of MOP and SOP facilities.