I understand that it's unlikely to be 100% debt funded, and that this can provide opportunities for people to cap the price, especially on low volume.
Having said that it doesn't matter what anyone tries to do at this stage - if the company needs to raise a portion of the development finance through issuing shares once the TK off-take is signed & debt finance is announced the price will be much higher - there is no question of this.
On another note, it's a very real possibility that the banks & TK representatives are all openly discussing the finance terms in conjunction with the off-take terms and the next critical announcement confirms both these critical steps.
KNL Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
