I mentioned earlier that LGI was looking to IPO. Well the AFR is...

I mentioned earlier that LGI was looking to IPO. Well the AFR is currently reporting that it has been successful at raising $25m at $1.50 per share, implying 10x EBITDA or 27x PE for FY23. I believe that their growth pipeline is significantly smaller than Delorean, but they have been more succesfull at raising capital including via their IPO.
https://www.copyright link/street-talk/biogas-group-lgi-secures-25m-for-ipo-adrad-gets-22m-20220818-p5bas7

Financing the green energy revolution is very difficult. Either, they are post-construction and getting 80% LVR, or they are pre-construction and only 50% LVR meaning companies like Del need to stump up half the costs. Which they can't. So they hit the capital markets to raise. Everyone's a hero at fundraising when interest rates are Zero %, but not so when rates are positive - looking at Planum.