fourdollars, disagree with you re RANs debt options. not sure why you limiting your thinking to banks. i would suggest there is a sea of potential impact and philanthropics out there that would be strongly interested. yes, they will seek to de-risk their investment but expect ran very attractive.
se asia (and indo within it) is a key target market for impact investors seeking net zero opportunities with circular economy increasingly sexy within this as well.
that said, do tend to agree with your views re australia operations. there is a certain irony that markets hold high perceived risk for se asia investments compared to local ones where for RAN it is proving the exact opposite.
gltah
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