Quote:
Originally Posted by sjs2017
As excited as I am about this, the financing is not already secured. They have some money from a pension fund but they are not a bank. You need a bank to be willing to commit capital to the project at a reasonable rate of return...something that is extremely difficult at the moment
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As i recal this pension fund has a couple BILLION dollars associated with it....I don't think the 800 million or so would be much of a strain on it....but hey I'm not in finance so what do i know....
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