CXY cougar energy limited

BearYou are being a hard task master ... I recall management...

  1. 40,088 Posts.
    lightbulb Created with Sketch. 448

    Bear

    You are being a hard task master ... I recall management previously talking about a 60/40 (or 40/60 ??) debt/equity funding ratio.

    The debt can come in a variety of forms ... vendor financing for the turbines ... advance on an offtake agreement ... line of credit ... convertible notes.

    The equity will almost certainly not be called on one hit ... rather it would be staged hopefully as value was being added to the company and its perceived or real prospects.

    The cost of debt for projects beyond Kingaroy would be reduced by success at Kingaroy and I am yet to be convinced Cougar really want to own a power station anyway. It could be that in the first instance they have to do it until success is proven. I wouldnt be surprised to see Kingaroy subsequently sold as a going concern.

    If all else fails Len could look under "upstones" or lower money down with a "sky hook" or just plain ol print some 8))

    Dex
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.