None of it was based on what Lindsay said.
"If there's another delay, it's "likely" to be just 1-3 months? Where's the 1-3 months from?"
That's based on how long the IDC loan took.
The IDC is South African and was lending to an Australian company operating in Angola. I think the Angolan banks will take less time lending for a local project, especially in agriculture where they have quotas to fill, so if delayed beyond July, I think not by more than 1-3 months maximum.
"You also said loans from Angolan banks are "likely". What data or observations have you used to think that it's "likely", not the other way around?"
Three reasons;
1. The project economics stack up very well, giving the Angolan banks no reason to reject it.
2. The IDC passed its due diligence.
3. The Angolan banks have quotas to fill in agricultural sector lending.
"Maybe you think that these events are likely because that's what you'd like to see happen?"
No, it's because of the considerations above. I don't invest or post based on emotions like a few here.
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