Something else to ponder is that the finance package cannot be finalised until the offtakes are all complete, so the one year period starts ticking from when the final offtake agreement is executed. This is much like any loan application you would make, with so little equity and so many risks still ahead, I think any venture capital or finance company would want as a minimum guarantees of baseline revenues.
Ann: Boardroom Radio Broadcast - Mr Paul Burton, page-13
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