RE: Numbers26 Apr 2021 15:05
Which is effectively naivety is it not? Even ignorance if you want to put it more bluntly. However, as you say they have better understanding now, and appear to have shifted tack about a year ago to a more modular/staged approach, which in my opinion is facilitating the better progress. I also firmly believe it's the best way to preserve existing shareholder value. Added to this, and starting around the same time, has been a distinct shift to promoting the 'green' aspects of the project - an important change which is likely to receive more favourable and diverse interest - both political and financial.
The first phase funding needs to be timely but not rushed - getting the right deal is imperative, not only for the success of the project but it's in the interests of shareholders. We have enough to get started from the recent raise, and that has probably enabled us to get out of a logjam situation where maybe funders wanted to see progress on the PPA and the BG wanted to see progress on the funding and project before issuing the PPA - that is just a guess of course.
Anyway I maintain there are far more positives here than negatives, if that should change, so will my outlook and position. It's every investor's individual responsibility to sort the wheat from the chaff on these boards - recently the chaff has been prolific. Let's hope the company gives us something significant and positive to chat about in the near future so we can have something decent to take to the mill.