For those that are new here. I believe from info released to...

For those that are new here.

I believe from info released to date that we are awaiting funding/ownership details from Abu Dhabi govt to then satisfy the USDFC due diligence. I understand that originally our chemical plant funding was going to be by way of debt and cornerstone equity share in the company with a further cap raise.

I now surmise that the Abu Dhabi government is seriously being considered as the chemical plant owner with LPD having a sole contract to operate the plant for an extended period. This option means no further share holder dilution, only US DFC debt and a platform to prove our tech at commercial scale. Reading between the lines of COP28/LPD announcements, I surmise that the Abu Dhabi govt would prefer finance announcements be closer to the opening of this event thus green washing the occasion around the end of Nov23. Obviously once operational and producing, profit would be split to agreed proportionality.

Hope my synopsis is right? 5 years is a long wait.