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14:10
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Originally posted by paulgf:
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Good analysis 2Ic and whilst its correct from a technical pespective the problem with your detailed analysis on DSO vs building a plant is it ignores the likely extra dilution that will come to shareholders if we try and go the plant route. Debt funding is likely to be very very limited leaving most of the capex to be covered from equity funding and hence likely significant dilution of existing shareholders to allow another equity source ( likely to be an offtaker) in the door. What your arguing for with comparing cost of shipping waste relative to building a plant is what I call a form of optimisation. Yer your technically right but its the sort of thing companies who have the luxury of a cashflow or good funding sources can and should do but I would argue we are not in the situation.
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A few shipments of DSO plus perhaps some pre-payments from our offtake partner should be enough to fund the plant. I see little need to issue more shares. Perhaps just a small raise to give some equity to our offtake partner and kick start the limited DSO operation.
