over budget?under budget?on budget?, page-5

Thank you aggie. Since no one else is posting, I will continue.

Financing is never simple with these fellows. It was supposed to be a $40m project, funded $5m by cash and $35m by the bank. With another $30m bank facilities available for other stuff. The later not talked about any more of course.

So, anyway, they were supposed to only need to put in $5m cash. Now it looks like they have already put in about $16m (38.2% * 38.5 + 4.5) and still have to put in another $4.5m. They may be only about 10pc over budget so far but it looks like the project will require 4x as much cash!

I was reminded of the CCC style when reading the KAB thread today. According to one poster, JB is leaking that finance is progressing and there will be an update in the quarterly.
I know that sort of leakage hasn't worked out well for recipients in the past. But even if he announces a deal, will it ever happen and on what terms?

Just thinking back quickly over the time I've covered CCC, I think there have been $137m worth of debt financing announced. Fees paid etc. But so far anyway, only $26m has ever been drawn.