RE: This doesn't really help us. But what would anyway?20 Jan 2020 15:33
It could be the key to Kibo's valuation and a giant catalyst
They said
Are you on track to generate first revenues from Bordersley at the end of Q1 2020 and what will this mean to the Company?
Yes, as recently announced in the latest Bordersley project update (RNS dated 10 December 2019), based on current planning and progress it is still expected that Bordersley will become commercially operational and generate first revenues at the end of Q1 2020.
The free cash flow and net profit to be generated by Bordersley and all other current and future projects will significantly contribute toward Kibo's ongoing working capital requirements, with the ultimate goal for the Company to self-fund all ongoing working capital requirements from project revenues in due course.