RE: Pyebridge?12 May 2023 17:33
Taken from yesterday twitter'' link posted
Close Brothers have already completed a significant portion of their due diligence during late 2021 and early 2022 but paused their process until issues arising from the gas connection route were de-risked to their satisfaction, which has now been successfully done.
Following financial close, the Company will expedite the Project's construction and it is anticipated that Bordesley will be fully constructed, commissioned and in revenue generation by Q4 2023, subject to successful completion of the associated funding process outlined above.
The Project has already secured a 15-year T-4 Capacity Market contract in April 2022 at an unprecedented price of £30.59 /kW/p.a., which will also contribute significantly to the revenue generation from the Project once in steady-state production. Further, based on the latest independent financial modelling performed by the Company's leading energy markets data consultant, EnAppSys, it is expected that Bordesley will generate an average total annual revenue of c. £1.5m.
Pieter Krügel, MED CEO, commented: "We are pleased with the significant progress and developments on Bordesley the past while and most notably that the hurdle to proceed with the Project's capex debt financing process can now be resumed. We are looking forward to financial close which is expected during Q1 2023 and to then expedite the completion of the Project's construction and commissioning during 2023, in order to start generating revenue as soon as possible.
We look forward to providing the market with further updates in due course as we progress."
IMO, the only person holding SP back, considering we are nearing financing closure
is LC and his mates selling to pay the day to day bills at KIBO
900k worth at a time at silly money, giving the wrong impression of how far we have come.
the sooner he step down the better, as he has lost the trust of the investing community
so staying would only breed distrust no matter how he spins any RNS and how good it is
there will always be a sell off on any spike
hope for a recovery in our fortune next week on bigger volume at these levels
and that 4m sell off today go to sticky hands,
the selling will soon come to an end THO'' and overhang cleared
i have notice in the last few days that
they are getting desperate to collect there dough LOL!!
and sold 3m worth under bid and today 3 lots of 900k worth under bid
i can't remember how many shares they had to sell for that £600k THO, i will have to look at
pass rns to work it out, but it can't be too far away,
good weekend