It's an interesting article sevo, thanks. Adds to our understanding of our new partner.
UCL have previously stated there were parties ie more than one interested in Sandpiper via UCL. Like any human endeavour it often takes one to lead the way before others follow. In UCLs case we have seen Kahlbetzer put a lot of effort into supporting derisking the project and i reckon his capital has given confidence to MB Holdings. In turn i am expecting ie hoping that other parties will follow the money commitment that is starting to build up.
That's my round about way of trying to answer your question ie I don't think they will fund the whole project but they will meet at least their share and I reckon others will come in too. My confidence is based only on the knowledge that UCL has already brought in two good partners on this project.
UCL Price at posting:
26.0¢ Sentiment: LT Buy Disclosure: Held
