hardly significant, if at all funding certainty should be seen...

hardly significant, if at all funding certainty should be seen as a higher positive than the 3% dillution.

Director and management buy-in also signficant in the context of this market share (close to 1%) and the discount offered isnt screaming buy for them either

as mentioned above - Get the plant done! I continue to believe the biggest risk to this company is its weak management. So many instances where they made some amateur decisions, like signing up the equivalent of loan sharks for funding after which they found better paths