“Accordingly, Clontarf identified an offtake partner, at the encouragement of the EU Commission, which has substantial revenues, profits and bank lines, as well as an 'A2' short-term credit rating.”
Dave interviewe yesterday confirmed just how far on in the cycle we now are, obtaining an A2 rating at short notice also suggests to me that we are a serious contender here and would know more by month end.
Withe the EU at the driving seat and not the UK we have a fighting chance of hitting the real big time!
You do have to ask how Dave obtained an A2 rating in the space of a day or two given they have never issued any debt. Having worked in debt sourcing before credit ratings can take weeks to structure. Unless you have a guarantee of course... VW?
Great post McAdder! I’m up near 30m and like you keen to add a few more. Personally I am happy to do so at any price under .4 just haven’t got free funds at the moment to make it if the scale I desire.