RE:RE:jv fundinglscfa wrote: Let's see how Ceilo does funding its Edmonton plant. This will indicate how RUEI may do. No damn way anyone lends Ceilo the entire $50 million. Project financing is usually 25% equity, 75% non-recourse debt.
Good point on Edm, agree. Can you or anyone help me understand the RUEI offering that you shared? Their presentation seems to imply they obtaining all debt financing except for 1.5million. They are showing 17million shares issued with 70million in valuation, yet no cash on hand. (I assume this valuation is book value, perhaps the value of the jv agreement?) How Is this enough to get financing?