share dilutiion may come for capital spend, page-2

My guess would be that Clark and Co have allready thought of that , I would think it would be along the lines of funding from the likes of Maquarie and probably wouldnt require much in the way of dilution at all, I doubt debt for equity will arise.
I would see a proportion of hedging out in place to guarantee some of the output , this helps iron out the ups and downs of recovery etc. Also puts the emphasis on keeping the costs down as every dollar you save is money in your pocket not someone elses.
If the hedge is put in place in the true sense of the the word then there are no implications with the market to market tax . Equigold got caught and once bitten twice shy.

I'm sure we will hear a lot more form Clark and Co now that they can reveal their hand.

Either way I still think you will see production by 3rd quarter nect year at the latest given their development records.