Yes it’s funny to watch the desperation and mindset of the...

Yes it’s funny to watch the desperation and mindset of the negative keyboard warriors aka armchair experts!

Imo it is highly likely that the potential strategic partner/s were either waiting to reconvene - or will be very eager to reconvene - when we get (to or close to) the plant going and the expansion permits issued, to finalise terms and get an agreement in place to move ahead.
Again, it’s not as though the Puna team is sitting around doing nothing in the meantime, like some other companies are effectively forced to do with a more conventional development path; in other words, the protraction of this “deal” hasn’t stalled “all” progress as it otherwise might have.

Now that those ducks (plant running and permits) are lining up nicely, it is time to resume talks - and the company has engaged an investment bank to accelerate the negotiation and closing of a deal.
Great!
Not ideal that we need to pay fees to the banker grubs, but the board has obviously agreed that this is the best approach, overall, to get the best outcome for the business.

Now we wait for the next steps….


Ps. I wonder how the haters would behave if we had produced a DFS a few years ago and were STILL merely a skeleton crew sitting around waiting for someone to drop a few hundred mil in our lap?
There are examples out there, btw.!