RE:RE:RE:RE:jv fundingNugold wrote:
No it's a group of business people that are going to come up with the build costs. Once build is paid for then the funds are split 50/50. Imo it was/is a shrewd business move with pros for all parties involved. Now maybe in 20 years it will have its critics but we must think in today's terms...it takes away the responsibility of Cielo of coming up with 50m per plant and leaves them to focus on the technology. IMO glta
You do understand they are only raising $1.5 million through their offering and getting somewhat traditional financing for the rest? It's not like they are raising $50 million venture capital per plant. They are waiting until the technology is proven and then getting more traditional, lower rate financing. From their presentation, 'Majority of CAPEX to be funded with Debt' which Cielo could have also done after technology is proven.