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That reads to me sse will pay for the project, they have plenty of cash
"SSE will develop and deliver a district heating network in Stoke-on-Trent working with GTE and Stoke-on-Trent City Council.
The MoU grants exclusivity to each of SSE and GTE with regard to the Project for a period of 12 months with certain milestones including executing a heat offtake agreement in relation to GTE's future geothermal plant.
Earl, no worries fella.
So really it’s just like any other stock, news comes out, SP goes up, people take profit, SP consolidates.
Yes there is debt, vast majority of businesses do and should carry debt, and only raise through placing when the time is right.
No great drama, the growth potential here is phenomenal.
GLA
legin
to your question, I don't do shorts,
worth researching this company #mbo and, read the rns,
making huge money
I did say there's a pattern with this stock,
on RNS it shoots up then keeps dropping off, what's the reason?
I reckon it must be because of the debt and the Fact These projects will have a big Capex to pay for.
Where's the money coming from??
Todays certainly won’t be the last announcement like that! I’m confident going forward.
More news to come, interims Wednesday which will come with a very healthy forward looking statement.
Can only be positive for the SP.
Bugger! I thought it would rise further.
Are you short on this one Earl.?
Its there on black and white, they are working with other energy providers
Expect others partnering with igas, this is future of energy source
"We are also working closely with other energy providers on a number of district heat networks in other cities."
Lots of profit takings took today. if no news tomorrow expect more decline. already loads spiked today.