RE:RE:Easy to think - grass greener elsewhereMost if not all financing for PILBF, and Altaf was from offtake partners who were often issued stock in return for the financing. PILBF floated what they call Nordic Bonds but I have no idea what they are. At one juncture ALTAF floated loans with an interest rate of 15%.
They each crafted financing with deals. If CRE is trying to do this with just one offtake partner, that may be their mistake. Phase 1 for ALTAF had three partners. Phase one for PILBF I think had 4 offtake partners.
CRE needs to move faster than they have been moving.