Indeed. No need for knickers in a twist (from others in the thread, not you). This is a A$0.4B company trying to finance A$2.3 billion in capex for just the first phase of their project… I respect their hustle. The Europeans will probably give it to them as well given their ESG mania.
On Twitter someone pointed out TLG.AX went from ‘under appraisal’ with EIB in Nov 22 to ‘approved’ by Jun 23 - not too long at all. Their initial announcement suggested €300M and they ended up getting €150M. Will be interesting to see if VUL can get a result as quickly and also how much of that potential €500M comes through. Will be a big step forward and may give other possible lenders more confidence too. Good luck!
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