We keep on waiting
Waiting on Africa to change…Our fundraising timelines (referring to the oil & gas bplan) are contingent on political conditions not deteriorating any further. We should have more clarity on the political situation in our target market in the next 8 weeks. So we have an 8 week deadline for completion of the business plan.
At the same time I ask myself are we being too cautious. Should our potential investors risk appetite determine whether we are a go/no go for the business? Baron Rothschild once said that the time to make money was when there was blood on the streets. Not much empathy in the statement but to make huge gains in emerging markets we have to be very good at managing risk (financial and physical).
Not going to overanalyze anything at this point. Just going to plough ahead with the business plan and see what the numbers look like.
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