I don't think so Graham.The most recent announcement on 12...

I don't think so Graham.

The most recent announcement on 12 October (which is aligned with the annual report released two weeks earlier) is unambiguous that the tariff rates are now agreed:

"Panax has been reaping the benefits of Indonesia’s growth, with this latest announcement closely following
the successful negotiation of power purchase agreements between the company and Indonesian energy
and government representatives."

...

"Each of Panax’s Indonesian projects, Sokoria, Ngebel and Dairi Prima, are underpinned by agreed,
commercially attractive power tariffs with agreed power purchase agreements."

So just waiting for sign off.

With regard to funding, I truly hope that with whatever the deal, the share price offered is reflective of the value of the project returns (as pointed out by Flyboy) rather than the oversold current shareprice we are currently seeing. We should all remember that it was only until recently that the shareprice fell below 1 cent!