acceptances at 47.7% for bon, page-27

might be interesting for the sp, when the bon accept ticks over 50.1%.

That MAK basically have control over BON,

thats a good point YC, if they are to raise money from the market,

but dont discount a debt finance, with credit markets unfreezing, and that to find those sort of dollars from au banks, that are in reasoable shape.

But the question is, will a bank lend that debt, on a project, whose basis of payback, is a forward projection of rp pricing to viability.

Is there sufficient floor in the RP price trend to say, even if the payback is longer, its still a goer, so a bank would still lend it.

Offtake would help

cheers