Below is the time table for financing. Evwerything you claim are allegations at the moment. Later, we'll see.
• Develop off-take agreements.
• Develop model procurement contracts (structured for project finance).
• Q1 2013
• Discussions with development agencies for mandate letter signing.
• Discussions and analysis of possible equity stake for BNDESpar or IFC.
• Develop commercial credit lines for pre-completion guarantees.
• Q2 2013
• Conduct due diligence process with development agencies.
• Start drafting term sheet.
• Q3 2013
• Draft and negotiate agreements.
• Establish guarantees (pledges, LC´s, etc.).
• Finalize marketing for syndicated portion.