Financing..We will know about the financing when its announced, speculation otherwise. Its a risk.
Nothing has been confirmed and - depending on who you talk to - financing could come from the FN or elsewhere (london?). Just as long as its not the Royal Bank of Scotland.
One point to take into account is that from a strategic perspective Vic may be considering what might occur if any single group gained significant influence over the direction of HBK's activities.
HBK wouldn't necesarily want to be at the mercy of any particular vested interest.
So, FN has the agreement ,the schoools and the barging contracts. London gets the financing, contracts come from the LNG plants, Pt Rupert and others. All nicely balanced out, leaving Vic in the middle. Maybe..