RE:RE:RE:EIB WebsiteMyname, you have to read the complete NR,especially the last part which states:
'. As such, Cordiant agreed to commit to the senior loan until the EIB assumes the Senior Loan this fall."
Fall is over in another few weeks. What then?
If EIB has rejected our application Cordiant will undoubetly require additional incentives to assume the senior loan portion ,including higher rates.
I already have concerns re the viability of this project without additional off-takes finalized. Additional loan expenses will only add to this situation Remember we only have a contract to supply Owens Corning with up to 200,000 tonnes per year. We will need more than this to meet our obligations and be a profitable operation, IMHO.
If EIB has withdrawn, I would also want to know why.