Ann: Penumbra Mine Equipment Delivered for First , page-2

re: Ann: Penumbra Mine Equipment Delivered fo... Positive tone but the drawing of the facility that had most recently been extended to 1 October has been pushed out again to coming weeks. Why can't they draw it? Will they ever? That creditors balance that already looked high at $27m must be creaking? I wonder if this contractor, Murray & Roberts, has been paid.

Also, some talk on economics but yet again no mention of the coal hedging? Anyone know on that? Would have mark to market value of $12m or so from memory. That very material at this stage and one of CCC's more lethal misrepresentations if its done the usual disappearing act. It seems strange since they said they'd done the trades. Why no mention it for so long now? Have they unwound it? Who knows.