You would have won boardroom bingo with that list of cliche...

You would have won boardroom bingo with that list of cliche comments and no real information - still trying to work out just what IP and patents they will end up with that can actually add value to others projects . Just looking at AI with recent Chinese announcements and the ability to cheaply process large data etc is advancing at a very quick rate making old data lesser value as people can create new data cheaper.

These advancing payments bond can be very dangerous if not managed well and if company is unable to get to next stage often being nail in coffin if they stuff up. Taking on loan debt without cash flow and reliant on grant which is reliant on achieving hurdles overseas can be a big risk - all or nothing .

" Bond Facility Secured:Carnegie Clean Energy secured an Export Growth Bond Facility with Export Finance Australia (EFA) tooptimise cash flow for the deployment of CETO through the ACHIEVE Programme. The total bondfacility limit is approximately €2.5m.This facility enables the Company to access beneficial advance payments on grant funding from the Spanish and Basque governments by providing advancedpayment guarantee bonds.

ACHIEVE Loan Agreement:In October, Carnegie secured additional financing support for the ACHIEVE Programme with thesigning of a $2.5m Loan Agreement with Ballamena Pty Ltd ATF Ellan Finance Unit Trust. The loanprovides upfront cashflow support for the ACHIEVE Programme to address the time delay betweencash expenditure and retrospective milestone payments, thereby smoothing the Company’s cashflowduring the period of construction, deployment and delivery of the Programme to completion.