fairly definitive statement, page-32

Noble are not a substantial shareholder, which is why they were able to get ASX waivers for the $10 million debt facility and off take agreement

http://www.proactiveinvestors.com.au/companies/news/35197/kaboko-mining-gains-asx-waiver-for-noble-group-debt-facilityofftake-agreement-35197.html

Also, as far as i can tell, it is secured debt funding facility, not a convertible note arrangement, so there will be no dilution to shareholders.

All the doomsdayers on here should find another company to bash and leave Kaboko and Noble to get on with proving up their JORC and start mining !