Sorry "Nuttie" to have confused by poor expression in previous post.
Stage 2 is "fait accompli" not an option - an imperative and is not in doubt.
Means of raising finance is perhaps optional - to some extent.
AVL intends to debt finance and I believe will succeed. However until finance is in place there can be -and should not be - any announcement.
Until an announcement is made - the deed is signed - we may regard the provision of finace as optional in that should perhaps no debt financing eventuate other means will be required to raise required funding.
The probability of raising debt financing however is extremely high. Perhaps a certainty?
The track record of AVL management suggests a fair price will be obtained in obtaining debt funding.
