mentions 40m china merchant bank at around 6%; 35m leasing, say 7 equity CR already done = 82m , with the capex reduced to 85m, so not much gap outstanding in the package, and not needing to going back to market,
Mentions also that project equity could cover the gap, as was previously announced.
I think it was around 10%, not JHT. But, who knows.
Putting all that together. Its not over night.
But i think you need to actually listen to it, CAREFULLY, to comprehend it, than dismiss it.
Perhaps some were expecting it all to be in place with the 8.5m CR.
I would have thought a few months typical though to tie it all up, on the assumption that works already in motion. Obviously they would have been at a point, though waiting for the previous approvals to get through etc. i assume.
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