Or we are pricing in an even worse announcement. I cant find any...

Or we are pricing in an even worse announcement. I cant find any reference to a debt facility for startup stage I. There is only MW's comments reported at the AGM. Until we have something in writing we can only assume they are going to raise capital though shareholders.

I find this comment in the AGM concerning,

"Management believes that the First 5 years offer potential for a significant return on investment"

This was a presentation to shareholders not somebody that they are reaching out for money to.

There is only the mention that stage I earnings will be used for stage II.

Correct me if I'm wrong and you have found more information.