GROC and how is it going to progress?22 Feb 2023 16:34
Its going to need lots of money to move to full scale production. And even if ALBA were to sell everything it owns, with the exception of GROC, it would not IMHO provide sufficient funds to fully fund the latter to proper production. And that's why the stated intention of GROC is to leverage their assets to produce the handsome returns we all hope for. So my message is hold onto your investment in either GROC or ALBA or both and simply wait. Its been widely reported that the assets held by GROC have considerable appeal to all sorts of investors in this age when we aim for net zero.
I consider it likely that GROC will be grabbed by one of the 'big boys' for a premium on todays share price and we won't get to see the producer stage except as observers. ALBA holding more than 50% means we are in safe hands. JJ