At some point shareholders will have to do some sums.
Do earnings, including tax credits, cover loan repayments?
Is the loan guarantee 100% of the sum of the amount loaned?
What percentage of the sum needed for plant development is covered by the loan amount?
What interest rate will be applied to any eventual loan?
How much further dilution will be required to make up the shortfall?
Few on here are asking them, let alone answering, but the market seems to have drawn its own negative conclusions with a 10% drop on the news of increased debt liabilities and has clearly decided this news isn't as good as longs hoped.