and another thing chucky boy. You make such a big case about this financing from IFC (which is actually a division of World bank) and you should, because you know why? For aaa it's a big deal because almost nobody else would go there due to the political and military instability, due to a complete lack of infrastructure. And the ethiopian government lacks any will and financial resources to do anything, so this was the only option. And we also know that World Bank is a highly correct organisation with the mission to help impoverished countries.
NPK has the support of the financial government (read below), has the infrastructure and has the closest market, so go back, sell your loser and buy more NPK, because you need more than 4000 shares to make upi for all your losses.
NEWS RELEASE DETAILS
Minas Gerais State Government Commits to Financially Support Amazon’s Cerrado Verde ProjecT
Amazon Mining Holding Plc (TSX-V symbol: “AMZ”) ("Amazon” or the “Company”) is pleased to announce that the Minas Gerais State government (“the State”) has signed a memorandum of understanding (“Memorandum”) to provide Amazon with support in terms of potential financing for working capital and fixed investment, with funds administered by the development bank of Minas Gerais (BDMG). The stated objective of the Memorandum is to enable the implementation, by Amazon, of an industrial unit and the installation of a distribution centre located in the State of Minas Gerais destined for the manufacturing and commercialization of ThermoPotash, Potassium Chloride and Potassium Sulfate. The Memorandum was signed by a collaboration of key personnel interested in the development of the Cerrado Verde Potash Project, specifically; Minas Gerais State Governor Antonio Augusto Junho Anastasia, Dorothea Fonseca Furquim Werneck, Secretary of the State Department for Economic Development, Leonardo Maurício Colombini Lima, Secretary of the State Treasury Department, José Frederico Álvares, President of the Integrated Development Institute of Minas Gerais (“INDI”), and Ricardo Murari Bandeira, Regulatory Manager of Amazon Mining.
The State, through INDI, shall provide support and assistance to Amazon during the implementation and operation phases of the project, particularly with regard to assisting with financing requirements and the expedition of permits and licenses. The terms of the special tax treatment (see Amazon release dated December 22, 2010), including the suspension of ICMS taxes on purchases destined for the construction of the Cerrado Verde Project are also outlined in the Memorandum