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Oh and don't forget we will need to pay back the 300million + plus interest..... So maybe no so much free cash available for the first years....
A loan against 10 + % is another 30-50mil first few years in interest.....
So 40000*8* 365 (no down time??) =117mil.
- 20opex-50 interest-50 capital repayment and suddenly the first year we are even........ Still no money for investors.
From fid to production 2 years. 1 year production but no free cash, so that means after year 4 we will see free cash flow.
I have come up with those numbers as well.
These numbers don't come in for at least 3 years (2 years construction, 1year production).
The anchois project is well described and there is a plan.
Green hydrogen is just a study and will take years to complete to get a whole consortium together (recently in Spain there was a similar project, but smaller, and had 2.2billion investment which was done by 33 partners...... With an estimate time to come online around 2027......so years away for us.
the time line from the total projects is important. If the projects are on the door step, then how are we going to finance our share? 15-49% of what???
How much money will be required and what is the possible return?
I like your optimism.
That free flow of cash would be fantastic. I thi k that we end up selling 30-40% of anchois for about your estimate of 10%price.
Project nour will take years, and might never happen since it is still only a feasonable project.
Do the study, keep let's say 10%and have a free ride??
The total eran buy, up to 49% for a project, in is more of a short term concern!
I personally would love to bought out of anchois for some of the number mentioned, 1bil +. And focus on the other projects.
While we have a good deck of cards in front of us... We are still very small,but things are really looking up.
https://www-bbc-co-uk.cdn.ampproject.org/v/s/www.bbc.co.uk/news/uk-scotland-59980279.amp?amp_js_v=a6&_gsa=1&usqp=mq331AQKKAFQArABIIACAw%3D%3D#aoh=16424223227345&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s
For size comparison...
https://www.h2bulletin.com/mauritania-announces-project-nour-a-10gw-green-hydrogen-project/amp/
30gw for 40 billion $$
We have a potential for 10gw project....
We are now in a much better state then we were, but we have a lot of ambition for a very small (market value) company.
We need cash, and lots of it in my opinion, to be able to finance the projects that we will have in the pipeline with total eran. Able to buy into projects up to 49%.......we need cash....
Best scenario, IMHO, is that we get a good partner with anchois, after hopefully more good results this week, a nd a partner that is willing to pay cash for %of the field. And use this cash to support our other projects.
Dilution of the shares is a real possibility and is my biggest concern for this share.....
If we could finance the other projects ourselves then this could become a real cashcow! When all projects come online (2024/2025??)
Also interesting to see what happens in Namibia.....
But first Let's see what anchois brings in the coming weeks.
This times 10.........
https://www.energy.gov/eere/articles/how-much-power-1-gigawatt
https://www.upstreamonline.com/exclusive/chariot-in-talks-to-land-big-player-for-mighty-mauritania-green-hydrogen-project/2-1-1107395
Not a member, but do like the headline!
I have send celi court, over a week ago, an email with some questions that I had. I have not heard back from them so far.
When I also send the email to KellyN she a replied very swift with the answer that she had forwarded my mail to celi court.
What has been the normal reply time from celi court when other wrote?
Rgds
What would be a potential settlement be worth?
A settlement funding would be well welcome otherwise it looks like a new fundraising has to be taken place
. I had hoped that the company would have mentioned that other companies, then navitas, were interested into the project to develop sea lion!
Interesting times ahead