AGT- So is everyone cool with the situation and dropping their pants down to let the financing entities burglarize our butts or switching to something else and if so what ? I have been selling some of my (sort of huge) position on AGT the last few days ( ever since the details on the projected financing was let known) and went huge on GBG.
They have a financing pending for this month, but given their size and financial position, we might not expect a gang rape this time. Anyway, its from South African banks. Anyone has any knowledge/experience on wha kinda deal we might expect down there?
The Company is in the process of negotiating a project funding facility with a syndicate of South African Banks and is optimistic that the negotiations will be successfully concluded this month, subject to execution of final documentation.
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