In the interest of clarity. Disclosure I did trade it once. I do...

  1. 2,005 Posts.
    lightbulb Created with Sketch. 1
    In the interest of clarity. Disclosure I did trade it once. I do not hold.

    IGE - Lots of folk keep talking about the 300 million funding. That was for the whole project. IGE was only ever entitled to the upfront advance of 39.6 mill of the 70 mill total for the 24 units they are providing. This is all laid out in the announcement on the last day of December when the big spike first started.
    They were then going to use this money to finish building Amsterdam plant instead of the finance agreed to with SGC because these funds had been held up due to issues with wanting to alter commissioning processes.

    If you look at the ann from 31st Dec. "Here"
    And then the headlines on the ann from 15th Jan. you will note that all they were doing was confirming details.
    Then the escalation and decline on hype with no substance.

    The whole story goes a lot deeper than this with required funding for several other plants all planned for the next 2 to 3 years.

    As yet no offtake agreements for produced fuels, overall quite a story.

    No financial advice intended. The information is all there for the looking. Even news articles on the proposed plant and partnerships.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.