In its 7 September 2011 presentation the company said that its Tucano Gold Project project financing, via traditional project finance facility, was nearing completion. They said that credit approval was imminent for a financing package of US$80 M from Australian/international banks offering traditional project finance or via a guarantee for low cost Brazilian Development Bank funding. Are they redefining the meaning of the word imminent?
They also said that an Equipment Financing Package of US$20M was being finalised. Yay or nay on this one also?
If they don't get cracking and a full blown credit crisis breaks out in Europe, they may need a plan B.
Any thoughts?
K
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funding
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