legal action against ccc board, page-11

Well if you can get a few hard hitters to come along for the ride then it wouldn't be too hard to push a good case pgrant. Today's report just unleashed another waft of smoke amidst the mirrors with this lot. If we think back to resolution 5, one of the reasons for the proposed raising is to fund working capital.

NOTICE OF GENERAL MEETING
(13 JULY 2012) - PAGE 9

But what happened to the supposedly 'annually renewable' $15M working capital loan facility with ABSA from last year?

$65M IN FUNDING SECURED WITH ABSA CAPITAL
(14 SEPTEMBER 2011) - PAGE 1

So is ABSA now dead in the water? So much for it being 'secured'!