RE: RNS6 Feb 2026 10:19
So Kodal's share of phase 2, assuming 100m dollars minimum in KMUK before construction starts, would be £30-35m
You really think they would fail to secure a term sheet for this kind of amount based on stage 2 economics Badomen. Maybe I'm wrong, but when Hainan advanced 15m previously, they didn't ask for any increase in ownership. Why do you think their position would change
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RE: RNSToday 10:10
No, I’m saying that 49% of what may end up in KMUK in the timeframe to begin construction of stage 2 will not be enough and so Hainan will have the power, and financial might, to step in. If they fund 75% they will want 75% ownership and good terms on the OTA