From the shareholder letter in July re the rights issue:
"The purpose of the Offer is to raise funds for the on-going development of the Company's geothermal projects in Indonesia, including legal costs of finalising power purchase agreements, site infrastructure, environmental studies, transmission line route analysis and for general working capital."
Any ideas on how long between PPA execution and project finance execution?
PAX Price at posting:
0.5¢ Sentiment: None Disclosure: Held