$30million cash coming conti's way, page-13

If the terms are so great, why didn't they announce them? The interest rate, consultancy costs, introduction payments, warrants etc that they've paid up to now. Do they intend to leak them, as per their old style. Or do they just want to delay disclosure as long as possible? Till the half year like with the all the other numbers.

The terms that have been given are hardly good. 4 yrs amortising quarterly, so effective term of 3 yrs or something, is about as short as it could possibly be. Moreover, when they said it would be financed by cash on hand, cash flow and debt facility, I assumed that was from existing facilities. The balance of the cvt and edf. It was not clear to me until recently that the project was dependent on getting the facility. Approval for which only came through after development was supposed to be started. So the final announcement I find hard to celebrate.