Nicely explained. Nothing too complicated. Free carry to production IF they are unable to get their own funding by Q2 2025.
Next step, FDP approval and FID. RockRose are obviously not prepared to wait given they need to spend large pre April 2024 to take advantage of the Tax break of 91.4p for development.
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- Ann: Funding Solution Secured for Project Development Costs
Ann: Funding Solution Secured for Project Development Costs, page-7
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