Yeah not actually sure if it’s offsetting the capex or adding the extra infrastructure needed to produce food quality CO2 as that till now as always been upside potential and not included in revenues or full cost so to me I wouldn’t be surprised if it adds to the total capex to be around that $31m but think either way should save Delorean from having to outlay any of their own cash considering they loan to value ratio can’t be over 80% post completion so this would ensure that the convent is met.
either way excellent news as this food grade quality should add an exciting amount of revenue
also note the around $7m from the cash on hand is from the debt drawdown so assume it’s going to be gone soon and back to around $8-10m mark come full excluding any other debt drawdowns to might be included.
GLAH AND DYOR
DEL Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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