Ann: Binding MOU with Sinosteel, page-11

The MOU would for holders sake be taken as the interest free loan option, but a number should be given. Maybe Sino could stump up the rest of the money needed to finish the plant as an interest free loan. It is easily the best outcome for share holders. Just let them finish the lot for that price.
There's the rub though. An interest free loan to do all the work, might just be a front loaded loan, ie the interest is built into the price in the first place.
So say what the price is. Shareholders should be wanting the loan instead of 20-30m shares or whatever number is agreed upon, obviously less dilution is wanted at this stage. Whatever the outcome, work cannot start until there is an agreed number, ie shares or loan, so now there is further delay while the boards approve it for a contract.
The MOU anticipates work to start in mid December. I anticipate no work until a full agreement has been signed off, probably next year.