If you read the details in all the announcements (rather posts on HC) & understand the significance of their tech, you will arrive at the logical conclusion that they are on right path, albeit with significant execution risk. The biggest risk was "does the tech work?". Well, that risk has been eliminated, it works. However, now they have to:-That's the big punt of course, you either do your dosh on this stuff or clean up big time. All eyes on the upcoming JV details:-
- Secure project finance for the JV
- Raise funds for ongoing expenses for ECT
- Build it
- Sell the product
Other key terms of the Heads of Agreement include:
• 30th September 2024, being the Target Date for the completion of:
• Joint Venture Agreement
• Business Plan for the Project
• Project Execution Plan
Hoping for a lot of detail soon. aimo
Ann: ECT and ESG Agriculture sign Joint Venture HOA, page-15
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