Old Direction Fanciful Finance, page-21

Karll & Ravi, I know this is confusing and I agree yes, there was reference to there being no Plan B during the Scheme period, because they couldn't have one by law, so they say.
Cottee then dispensed with that after the Scheme failed saying "they were not sitting on their hands" and a Plan B was being cultivated behind closed doors (if the Scheme failed) and this Plan B was in fact their original pre-Scheme Plan A (current gas supply focus).
I believe the current Plan B he is talking about is the ND plans.
Cottee does talk in riddles, metaphors quoting Shakespeare, Churchill etc. so I could be wrong, but I don't think I am.
Just remember funding comes at a cost and Macquarie have a higher LVR than traditional senior debt providers. If funded purely by external equity, the current dilution would be devastating to existing shareholders.

Denny Crane!