aussie miner discovers 17.8b energy metal, page-17

I suspect that if the economics of the project add up financing should be viable even in a bad market. However any bank loan arrangement is likely to demand new equity to be issued and some hedging to be put in place. This is a double-hit as it takes the upside away substantially while diluting the bottom line.

An alternative would be to issue hybrids to a resource investment bank/specialist and retain some flexibility on the hedging.

Having said that MOL looks rather appealing to me and I bought my first small holding this morning. I will keenly await the financing news and any additional capital raising which I will use to increase my holding.