“We’ll be de-risked this year”, says Maurice Brand, Chairman and CEO of $GEV/Global Energy Ventures.
In a six minute YouTube interview with Proactive Investors’ Danielle Doporto, Brand says “We can start construction tomorrow…which is fantastic.”
Brand makes these other key points:
. GEV will be announcing ship building contracts in May
. Ship financing is “not an issue for us going forward”
. GEV may or may not own ships
. GEV may lease ships or share ownership with other parties
“We love the idea we have multiple contracts”, Maurice Brand says.
“Our primary goal is to reach a final investment decision which means that all of the project is in place, we have all the finance in place and we’re actually awarding contracts.”
Brand says the balance sheet of the buyer of the gas is “critical”.
“If you get the right buyer you can get a much more structured financing arrangement in place. That’s our goal.”
Brand concludes the interview optimistically: “We’re expecting to see quite a large movement in the valuation of our company as we de-risk it this year.”
