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Re: silkysullivan post# 10502

Thursday, 05/08/2014 9:44:28 PM

Thursday, May 08, 2014 9:44:28 PM

Post# of 51045
Now I'm no expert on any of this, but my co-worker is West African (Gambian) and we were talking about some of the countries in Africa. Obviously, I wanted to find out about Niger since my money is currently riding on a large project there. After our discussion, it's clear to see that trucks are a vital tool for all African nations. The value of these trucks to them is huge and you don't need a railroad track to take you somewhere...they can go anywhere, which is why they are more valuable than trains in most situations. Also, another project for AMMX was to work with a farm in the US to create a massive farm in Niger for crops (currently on hold). They wouldn't be able to do anything with these crops without trucks to move them after harvest. The trucks will move people, tools, rations, cattle, etc... I'm not worried about this deal since everyone gets what they want. I'm sure the bank financing this understands the risk and is secure in doing so. The trucks may actually create the funds to repay the bank for the trucks. That's what I call a capital investment. Nothing is for sure in this world, but the money isn't all needed up front either. I think this deal is safe in that regard.

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