before you can get debt finance you need to get binding off-take. This ticks a box.
Did anyone pay attention to the Genesis Energy (GNE) presentation released to the ASX on the 30th of November? Much of the presentation was about biomass and BLACK wood pellets. They give a time frame for negotiating supplier agreements to conclude in the March quarter, supplier infrastructure & logistics to start in the March quarter.
They also talk about their capital spending plans. They are planning to invest into a "Forest Partner (Associate)"
What is that? Who else in New Zealand wants to make black pellets?
before you can get debt finance you need to get binding...
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