I think what you're missing is the difference between the...

I think what you're missing is the difference between the holding companies (EMH and CEZ) and the operating company (Geomet). The holding companies send money down into the operating company to finance it. EMH sold 51% of Geomet to CEZ who then injected $29M Euro into Geomet (not in EMH) - of course the money was only one of many reasons why they did this. From a financial perspective, EMH will not have to inject any additional capital into Geomet through the completion of the DFS and up until FID. However, EMH still has its own minor operating expenses and salaries to pay, which require an immaterial amount of cash. I can assure you this is par for the course - I am currently and have historically invested in countless corporate structures that are similar to this (i.e. several separate holding companies invested in a single operating company), and this is how it always works. EMH is not doing anything unusual here. I hope that helps.