That makes zero sense and it directly contradicts your other post.
You said:
''I imagine the US$22M of the US$52M total will cover additional machinery for cylindrical cell production and cost to re-assemble/re-configure the machinery already owned to get production underway.''
So we agree, the loan is to get current planned production (1gw) underway. You were imagining correctly the first time, there was no mention of additional production capacity being built out with this loan (unless I again missed more details).
You're making assumptions just like I am, except mine are based on the content of the actual announcement.
As for the company's ''aim'' to get production underway 12 months after the deal closes, that's basically saying production is 14 months away if nothing goes wrong and they keep schedule. I'll take company history as a sure bet on this one...
MNS Price at posting:
29.5¢ Sentiment: None Disclosure: Not Held
(20min delay)
