RE:RE:RE:RE:RE:RE:jv fundingNugold wrote:
the way I understand it the debt will not be on Cielo, correct me if I'm wrong. There is an old saying " stay with what you know" , this JV set up allows Cielio to do just that. Plus as they are NOT taking on anymore JV's , they will be able to build their own plants....should that be the way that they go. I kinda think of it as the same scenario as to why you take a company public to begin with, you can't do everything all of the time so you get others to have a stake in it to help it along. New technologies don't have a bunch of billionaires lining up to fund. This is a" toddler "learning to walk and it's better that it gets more interest and investors than never walks period. I would recommend against being to quick to bash some of their decisions. They are in touch with all the info. Staying long and reaping the harvest is my goal. Glta.
Sorry mate I disagree with you. A competent CFO can take a pre-revenue company public and work with the CEO on securing finance terms that are in the best interest of the shareholders. As stated before if they are set on running before they can walk then this JV might have made sense for the first facility - once up and running they could make a business case to fund the rest. The agreement they have is far too enriching for the JV in the long term.