It would cost more if money borrowed a lot more more , or massive dilution, it’s the best option of course they want there money back but no interest on that money if borrowed it would be huge , so now interest rates high even better deal
I’m not sure why you would imagine they would not want there money back or you would rather we borrowed it at huge high interest
They have no outlay , so instead of there own money someone else paying , and how long before they would get that outlay back , same thing but they don’t have to raise the money , so no risk , win win for me
The JVA will initially consist of one project with a generation capacity of c. 9 MW that MED will provide to the JV, the Institutional Investor will then pay MED c. £3.4m in terms of the Cost Refund, and inject c. £2.5m into the JV SPV to cover future capex on this project. Following the binding JVA that has now been executed, exchange and completion is expected by 28 July 2023.
What are they doing at the moment, most of workload has been passed over , so little left work wise , we have no idea what they are planning or anything and they are shamefully quite , just painfully watching as they use the company as a pay master life style and they do nothing to rectify that . Sold most of the company with no plan B IT SEEMS
The willingness of the Institutional Investor consortium to enter into the JVA with MED is testament of their confidence in the Company's strategy and long-term development plans to deliver flexible energy projects that are commercially viable."
Great news they are willing to invest so much money , considering our MCap , just the start I marine of things to come in the future as the company builds up