I disagree. it takes a few months for a small business owner to get a residential loan approved.
this deal requires approval by 3 big entities, 3 sets of lawyers, 3 sets of committed and boards and multiple agendas. Each amendment needs approval by multiple parties. Add covid-19 into the mix and there are bound to be delays for logistic reasons. How many of you transitioned you Zoom meetings and Microsoft Teams seamlessly?
noble is bank rolling them and wouldn't bank roll them if they thought it was going to fail.
I don't think you can compare the progress of the past 2 years with previous funding attempts.
this is as close to a deal as it has ever been. if it goes ahead, it's one of the biggest coal mines in the world with existing contracts for supply and it's currently under 8c.
risk / reward looks pretty good for anyone buying in right now
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