$2m placement, page-38

Just to re confirm...

If CS are currently looking at providing the project finance, then there are "no financiers" or "financing" group, if its debt it will all come from one place.

CS are't a lead broker, thats not what they do. They may place their own clients stock to their institutional desk but that;s not knocking all the doors of all the other brokers to share the business around.

Also - No bank finances 100% of the project via debt alone. It just doesn't happen.. You might be able to squeeze out 70% if you are pushing it but not 100%.

General market principle is 60% debt, 40% equity (or plug or whatever you guys want to call it).

Yes CSFB can do all that in house, so in essence, they provide 100% of the finance but it won't be 100% debt.

Also - If you want to know who the North American investor is.. didn't they already use these guys in the past? MYG has a relationship with some fund or something there... I'd reckon it was them again.

A convertible note just hides dilution from shareholders today and brings it up in a years time when hopefully they are in production and we all don't care.