might be interesting for the sp, when the bon accept ticks over 50.1%.
That MAK basically have control over BON,
thats a good point YC, if they are to raise money from the market,
but dont discount a debt finance, with credit markets unfreezing, and that to find those sort of dollars from au banks, that are in reasoable shape.
But the question is, will a bank lend that debt, on a project, whose basis of payback, is a forward projection of rp pricing to viability.
Is there sufficient floor in the RP price trend to say, even if the payback is longer, its still a goer, so a bank would still lend it.
Offtake would help
cheers
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