@LongCleanEnergy100% that there has been a pretty high...

@LongCleanEnergy

100% that there has been a pretty high opportunity cost here - BUT I am happy to see the process completed

"HIGHLIGHTS:
• Delorean Corporation has entered into a binding agreement to form a multi-project
development funding partnership with funds managed by Palisade Impact Pty Ltd.
• Subject to completion of final due diligence required for each project’s Final Investment
Decision, Palisade Impact will fund 100% of the project costs (including DEL’s development
costs) to deliver Delorean’s SA1 and VIC1 bioenergy projects, with a right of first offer to
fund a further three DEL bioenergy projects.
• Palisade Impact will invest $5m in Delorean by way of Convertible Notes in two tranches of
$2.4m (immediate) and $2.6m (on conditions precedent).
• Delorean will design, construct and commission the Projects on commercial margins.
• From practical completion, Delorean will undertake Operation and Maintenance of the
projects on commercial margins for a term of 25 years and provide day-to-day management
services to each project"

Am I reading this wrong? Will DEL own the assets or will we just the ability to operate them for 25 years?

As I see it... Paladise will 100% fund (own) the assets
and also invest 5m into DEL with convertible notes (for operating capital) at a strike price of $0.1244 with an interest rate of 12% until converted.

Or is this point clearly documenting that the margins must be "commercial" to ensure that the 12% return can be ensured for Palisade on each SPV and that losses aren't incurred to prevent fees.

Just curious how you see this as "50% ownership by the end"