GIMG IS COMPLETE!!! Apart from some cabling which could mean...

GIMG IS COMPLETE!!!
Apart from some cabling which could mean they are waiting on a western power to make the final connection or are waiting on parts to do their own connection. I suspect the former to be the hold up although it wasn’t implicitly stated. Everything is slower when govt involved!

Loan facility - I think it’s sound borrowings for future project implementation without a capital raise in the short term, I suspect that this debt facility will be used to make purchases etc and not have them worrying about acceptance of grants or R&D tax rebates etc coming through. It provides freedom to operate, with debt being paid back when they get R&D tax payments etc. are made or income stream comes online. If they were borrowing stupid money which isn’t backed up by the assets or income stream (living beyond their means) then I would be concerned.

Share price - A lot of guys here atm seem new and all seem to be “hell and damnation” at any “positive” news which effectively down ramps or holds the SP flat. The big news in the announcement is that GIMG is complete (except the connection). That should hopefully give some increased confidence rather than what I’m reading and seeing. It’s another announcement on micro grid/ Bess project so it follows the recent trend of no movement. Hopefully Ceto testing in next few weeks will hopefully change the SP. Definitely a good time to buy!!