RE: A possible future22 Oct 2024 13:30
Wind power will require money, where will it come from ??, how long will take to get that going. Most likely if they started wind power windmills at the same time as Sealion, I would bet Sealion comes in way before the windmills are even put up.
FIG - Need long term revenue generation to survive and prosper independently and not be under any threat from the whims of UK political parties.
This is the choice they have to make imo, to secure a future for generations of their people.
This whole project is relying on Navitas as everyone else is on board and FIG will be officially soon.
Navitas progress so far - , EIS, FDP, FIG engagement with some financial aid to accelerate and support timelines , procuring long lead items chain, FPSO considerations, RKH fid cost element ( OM award could land anytime).
Funding - I have NO doubt this is not going to be a problem. Not all of it is required upfront anyway, FID and sanction will require a certain amount as contracts are signed and it should be at least a YEAR before long lead items will need paying for on a requirement basis and only when the FPSO starts moing to FI.
FPSO , again a contract will be signed but will incur charges when it is ready to move.
By this time Shenandoah will be online and significant revenues will be rolling in to Navitas's coffers.
At some point a partner will enter the partnership and again their entry cost will provide money upfront to kick start the process. Any partner if required is lined up imo, Navitas have shown with Shanandoah, they take no chance with finance issues at the last minute. The Sealion team along with the main Navitas Management are not going to spend millions pre FID without lining up the money first .
RKH directors have correctly been saying finance is the key, well stating the bleeding obvious is part of the plan . IF they are told the money is not yet ready , they can't be accused of lying can they ?
The quieter the project is the more that can be achieved without the political ( UK and Argentina ) and Environmental lot getting their issues going in the Media.
Once FIG agrees then thing will move quickly in the background as it should be .
The current sp is a steal as the big boys take some of their profit ,I'm looking for them to suppress the sp for a while after news as well as they get rid of tired and fatigued shareholders.
GLA.