RE: RE: RE: OK Ching I think it best if we do not expect any more grant money to be forthcoming.
The grant money however is not the disaster that some portray it to be. $78 million of equity ($1.25 a share) has been added to the company. Book value of the company is now $1.75 a share or thereabouts. NAV is higher still.
$70 million in high interest bridge financing will be paid down immediately. The company has a plan to deal with the shortfall by negotiating a new loan, essentially rolling over the debt.
The upcoming quarters will reflect the full production of the newly completed projects and put the company on solid ground.
It would be a brilliant stroke if they recoup more grant money but I don't think the company is counting on it, nor should we.