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duracellAA, thank you for your reply, much appreciated..!

Apologies, I should have been clearer (I did say the question was a little uneducated) what I meant was the 3 stages of funding required and I should have excluded Step 4 of the process being the IPA which I'm aware isn't a funding phase.

Anyway thanks for your "spikey" hopefully others will reply with a less terse response..!

Apologies as the slightly heavy hearted opening to my 08:08 post may have had some skipping it but I will ask again if anyone can enlighten me I'd appreciate it..!

My major concern and if I may ask the question which may sound a little uneducated; will the now, new, 4 stages of funding all be completed at once or is it a case of them being stage managed as we progress through the build in which case Sirius will need to go with begging bowl in hand to gain the next stage of funding and therefore potentially reducing the return of investment for PI's due to the lenders obviously wanting their pound of flesh every step of the way..?

Well it's a first post from me and apologies but it's also a little whinge I'm afraid, I've been invested for some time (well before Planning Permission) with an average a good few pence above our current sp due to buying at various stages of the project's life, I must say the Financial element of the RNS was a little disappointing IMO. I can understand the complexities of raising the Projects Finance will be a far from an easy task and whilst I fully appreciate the boost to the local economy and job creation I've been left feeling a little deflated. The slippage in the Committment letters being returned on 2 occaisions has resulted in CF not wanting to put a timescale or date on the completion which in turn has given some nervousness and uncertainty. My major concern and if I may ask the question which may sound a little uneducated; will the now, new, 4 stages of funding all be completed at once or is it a case of them being stage managed as we progress through the build in which case Sirius will need to go with begging bowl in hand to gain the next stage of funding and therefore potentially reducing the return of investment for PI's due to the lenders obviously wanting their pound of flesh every step of the way..? Still holding and still hoping, thanks in advance and good luck to all...!