good article in today's afr (taken from brw), page-10

Agree with Qwerty
+ no guarantee the sp will be higher with debt funding in place - we all anticipated that with approvals over the past 3 months. The insto's know RES are desperate for funds so they will want the lowest buy in.
My take on the scenarios to follow:
1) debt financing of $400m
2) sale of 25% of the project (RES diluted to 50%sh) for circa $100m
3) 1 for 1 issue at $0.20 to existing holders raising $50m
4) RES have new cash of $150m enough to fund their 50% share of the equity. Not dilutive to existing holders as you have the chance to maintain individual interests.
The "smoking gun" is whether some company will just find it cheaper and easier to takever RES and hold the whole project to the loss of current holders.