a sound risk management approach, page-2

Bluntly and in short. It is a very tough market in which to finance anything industrial. APG need to micromanage every cent and stop every outgoing that doesn't produce a working plant. I have never seen it so hard to get money out of a bank as in the last 5 years even with profitable trading businesses

Even at start up there will be a long lead time to actually test performance of plant , sort any final bugs and then do a study in a format that will be presentable to any prospects and efficiencies so $ they have has to last a lot longer than we possibly expect.

Any partner will know the state of this company and the dispute they ae in so they will be very cautious.


Banks will finance business on assets - land only these days in most cases . They are risk adverse and have lost teh ability to assess if a business is a good business or not.
Banks will not finance uncommissioned bespoke one off equipment for companies without other income. If it all goes wrong there is no sale other than scrap value and that often costs more to remove off site than cash generated.
Overdraft / facility - they require cash flow or security

Spiral debt funders , issue to market or partners are the other option open to them non of which are cheap but are a reality of being achieved.