RE:RE:RE:RE:RE:RE:jv fundingNugold 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 do just that. Plus as they are NOT taking on anymore JV's , they will be able to build their own plants....should that be the way that they go. I kinda think of it as the same scenario as to why you take a company public to begin with, you can't do everything all of the time so you get others to have a stake in it to help it along. New technologies don't have a bunch of billionaires lining up to fund. This is a" toddler "learning to walk and it's better that it gets more interest and investors than never walks period. I would recommend against being to quick to bash some of their decisions. They are in touch with all the info. Staying long and reaping the harvest is my goal. Glta.
lol. I'm not too quick to bash. I'm not bashing at all. I'm embarrased to say I'm extremely slow to learn. I've been involved for 2 years, I should have known some of this stuff much earlier. I'm finally doing more research which I suggest to all. With the recent run up it's much more important to me to pay closer attention than I have before. (How will you known when to exit?) the jv deal may have been 'necessary', may have been 'ok' or even a 'mistake', but I would disagree with your term of 'brilliant'. I have much respect for Don and this company, but not everything they do is perfect. I'm not sure why they are on such a hgh pedestal and untouchable, can't discuss anything they do.