Originally posted by vladisimo
April would be 6 months, I think anywhere inside Feb - April would be acceptable so long as the terms are favorable.
I'm just working out how I'm going to spend my surplus money after our mortgages are paid off
I'm thinking a boat that has an opening on the side for another mini-boat.... like a kangaroo pouch but for a mini-boat, or a mini-submarine.
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.