RE:RE:RE:RE:RE:RE:RE:jv fundingCitadel wrote: Nugold 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 d
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.
Agree with Citadel, and would like to add that many people here like to have it both ways. When we ask the question 'Is anyone concerned with RUEI's ability to raise funds' the answers back are always 'no because the money will flow once tech is proven so mute point'. Then when it's asked 'If money is easy when tech is proven why doesn't Cielo raise it at that time, the answer is because they need it now and it's hard to get'. Both can't be true.