I think the Doe loan guarantee works a little diffently than that Zog. At least the scheme that operated under the last democrat government.Put simply the finance for the whole project is sought through private finance. The government does not provide the loan at all but guarentees 80% of the loan if the project goes broke. I guess the attraction for the finance provider is that they are only risking 20% of their capital.So GLE would not be asking silex to tip in capital I would expect.
https://www.google.com.au/url?sa=t&source=web&rct=j&url=https://www.taxpayer.net/wp-content/uploads/ported/images/downloads/DOE_Loan_Guarantee_Program_101.pdf&ved=2ahUKEwjazbvDgI_vAhVkIbcAHWhBDmIQFjADegQICBAC&usg=AOvVaw3ju0xSV4EOVHXCaLNHyUzH
I think the Doe loan guarantee works a little diffently than...
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