Right from the start, Ceres did not have the balance sheet (assets, cash and share value) to successfully complete this project without strategic alignments. Enter Scoular company. According to press releases, (or how I interpret them), Ceres decided to go for it alone and told Scoular to go play elsewhere.
My guess is Northgate commodities hub will get 70% constructed then Ceres will run out of financing. A well heeled company will step in and finish the project,. Probably not Scoular, by then, they will have moved on to other opportunities.
My guess is Northgate commodities hub will get 70% constructed then Ceres will run out of financing. A well heeled company will step in and finish the project,. Probably not Scoular, by then, they will have moved on to other opportunities.
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