I don't think they'll fund expansion plans by debt or future cash flows, just think about the share capital structure.
I do believe GBG's gonna be a monster, but the question is how much retail shareholders can benefit from that, again, share capital structure.
By the way, I think they have to get a loan instead of an equity raising now, because it is too late for that if they want to deliver on time.
gbg potential sp projections, page-11
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