InvestorsHub Logo

justin_a_lyesse

03/01/15 9:46 PM

#11964 RE: IndyChief #11963

I hate to rain on your parade Indy, but it looks to me like financing won't be till late in the second quarter at the earliest. The Exim bank(s) which will provide the majority of the financing are waiting for the results of the AST (which is probably completed) and also they are waiting on the cavern optimization tests which are not due to be finished till Q2. So in my opinion, the best case scenario for financing is late May and more likely June / July-ish and maybe even early August. Once the cavern optimization is completed, the Exim bank(s) will have to review it and as we all know, things sometimes move at a snail's pace with these projects.