Davisite, thanks for your detailed explanation........ when you...

Davisite,
thanks for your detailed explanation........ when you said PCF capital will pay 30c per share to EGA it dint make any sense to me. Dont you think its other way around EGA are paying PCF capital as FEE in the form of Share options(1500000 at 30c options) for the debt raising service they are gonna provide?????? in short EGA wont be getting any cash from PCF capital instead PCF (if they can help EGA to get competitive financers) will be getting those shares excerciseable at 30c a piece........ correct me if I am wrong

And could you please tell me with these options will overall equity gets diluted at all????

And finally if the project is viable getting a financer shouldnt be as hard right????

I should say after the announcement feeling a bit better as i get a feeling that the management are on track and moving in the rite direction........... If any thing from now on they should be a lot more conservative while guiding with deadlines coz as a small company for a missed deadline can be fatal for the SP
Thanks again.