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joboggi

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joboggi

Re: tykundegex post# 65

Tuesday, 12/04/2012 3:51:59 AM

Tuesday, December 04, 2012 3:51:59 AM

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As of the Nov 30 report, they do NOT have financing. AND the delay has cost them the contract with the SCPPA.

http://www.enviromission.com.au/EVM/Company/ShowPage.aspx/PDFs/1379-25959338/ChairmansAddresstoShareholders

While the physics of this project remain constant, and support the project, there is very little else supporting this project at the moment.

There is no financing and no buyer for the power. I am not familiar with the process but the sale of the power came before the financing "committment"

Now that the financing is NOT in place the power company backed out, needing to fill energy needs with electricity and not hope.

That is how I see it.
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