Case in point. Im inclined to agree with with previous comments by Chimpbpoy. This is grubby money and it smacks of desperation.
Nothing wrong with the facility. 3 months at 8% is only 40k. However I becomes 30k per month after so they would want to be very careful. It indicates that they have exhausted funding channels and the pool is dry and in a last ditch attempt to stave of administration, a board member has stepped in to prop up a business that is close to (if not on) the edge. In doing so, profiteering for their own benefit. (Unless if course CCE go under in which case it is lost as it is unsecured)
These projects should have been finished a long time ago. Further reaffirms views that CCE / EMC have absolutely no idea on how to deliver projects on time or budget. If they can’t do a basic solar farm worth 16M, how on earth are we supposed to trust them to deliver a far more complex project such as Albany Wave Farm worth 54M???
Still unclear on why SH’s are in the dark on revenue and return for Northam and GIMG. Might be more forgiving if we had that info.
