If they manage the finance, the big risk is project delivery. It doesn’t take much to go wrong in the project phase for everything to go tits up. But good luck to all. Hopefully if they manage to finance the project and it comes from state backed entity in Asia, their interest are aligned with shareholders. The other thing a to note is it’s unlikely that high risk debt can be raised without having to give up significant equity at a discount and this could weigh on the share price. There are no free lunches, but good luck to all.
TNG Price at posting:
10.5¢ Sentiment: None Disclosure: Not Held
