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monocle

05/08/24 8:56 PM

#112055 RE: The_Gman #112054

If EXIM does not need see an updated feasibility study why did Jim seemingly prioritize paying for one over funding exim's due diligence needs? From his email to Walter-

Proceeds from any of multiple financings on which we are working now are slated to go toward the costs of several elements of the Project: (1) completing our updated Feasibility Study, including engineering of the Project’s new process flow sheet; (2) costs associated with the EXIM bank’s loan due diligence process, (3) costs associated with due diligence processes with large equity investments needed to complete the Project’s up-front CAPEX requirements

Do you think the company's difficulty raising capital has slowed down the process with exim?