a couple of key points1) i have no idea what the CP's for Power...

a couple of key points

1) i have no idea what the CP's for Power Developemnts are but we have their intial $2m in the bank and surely if they had no interest they wouldnt ask for an extension.

2) Fantastic news...every 10% extra debt is $5m LESS equity we need. 60:40 gearing in thsi macro environment is testimony to;

a) robustness of costings..clearly these guys arent BS about how much is costs to build as banks wouldve picked this up. too many companies fall into this trap

b) must be very robust project economics(we already knew this) as 60-70% was all you could get back in the booms years of 2006-2007.

c) So we have brokers saying this thing is high-quality...now banks confirming it....time for the pathetic shareholders to stop trashing it and buy a few!

PS - i am disapointed PD has asked for more time but that simply is because i want it closed now so market morons can stop trashing stock.

lastly i note we are now well above (MC) of CCC and IKW...different company models