Is everyone ready for the pump n dump?, page-111

Chiller, I really can't see banks funding any part of the development because there is no compelling economic incentive for the project sponsors to complete the project should things go wrong - as they often do. If the potential post-completion market value was 2, 3 or 4xs the project capex, banks would be lining up because it would be a simple matter to raise more equity if there were cost overruns or delays. As currently configured, I don't believe the Agbaja project offers that sort of protection and as a result \banks would not commit. Of course, this is just my opinion.