first buy, then find the money

Oh no worries. Sometimes I wonder whether Philip Wood isn't a bit 'excitable', The purchase looks great on the face of it. Now to find the folding stuff for $20m price tag, plus continue to fund their operating expenses, and cover any refurbishment costs. Should be a breeze. Surely they'll already have an idea of where the money is to come from? For Intec holders, just a 5 mth wait now.

" Following extensive preliminary legal and technical work to date, Intec will now, over the five months to 15 April 2009, vigorously pursue this opportunity to completion. This will involve finalising the (considerably reduced) engineering, updating and upgrading the regulatory approvals for the site, and arranging the financing of the site acquisition."

announcement