"consider a situation where up to 10 boats across 2 projects are...

"consider a situation where up to 10 boats across 2 projects are ordered this year."

If this was to happen, fela, we would be asking questions about financing.

As I mentioned in the post about GEV director Jens Jensen scoring a 14 bagger with his 2020 Bunkers operation, 2020 Bunkers initially ordered two 204,000 dwt Newcastlemax ships with options for six others.

Then, so as to meet its $US350m commitments to New Times Shipbuilding, the privately-owned 2020 business made 11 equity placements within 15 months to raise $US67m.

It also organized bank finance over 15-18 years at a loan-to-valuation ratio of 60%.

Now, GEV Chairman/CEO Maurice Brand says in his Proactive Investors interview that "ship financing is not an issue for us going forward."

OK, that may be comforting, but the interviewer could have/should have asked MB some searching CR questions, eg:

. About how many more capital raisings will GEV need to make in the next 18 months?

. About how much would you expect existing shareholders to subscribe in that time frame?

I suspect the GEV share price is being affected by uncertainty, uncertainty about exposure to regular CRs, in line with the 2020 Bunkers precedents.