The 250m issue (taken along with Milestone 3) are the massive smoke signals that things have progressed in the background.
I believe that much of the 250m will be going to a JV partner and/or to a company providing funding for the project eg Stonepeak ("introduced by Company's advisors" ie EAS). But CKK doesn't want us to know. I think this is because if they spelled it out to us, the share price would run and decrease the chances of cheap share issue resolutions being passed.
From 4 weeks ago - only ONE resolution missing......or is it missing? :
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Keeping the new 'Milestone 3' in mind, does anybody really believe that CKK with it's detailed 'strategy' only 4 weeks ago and 'negotiations with several parties' (clearly they have a verbal agreements in place..IMO) , now all of a sudden are now back to seeking a licensing partner? Notice how CKK began to drop this in on very recent announcements. Yeh.....right
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As I wrote a few days back, I still believe funding a commercial plant fits in here somewhere. Option (b) of Milestone 3 just confirmed this to me. As per LNG's funding from Stonepeak, well they do like equity stakes:
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All IMO
