finance, page-40

What i dont totally understand is the way this finance process has been taking place.


If anyone out there is an expert in this area - would be good to get some info on what the "normal" process is with financing.


I thought the usual process was, Mutiny would put their project out there for potential financers to look at. All interested parties would then be shortlisted by mutiny.

Then the financiers would then put all their terms together and put their terms to mutiny, and then mutiny would basically get back to the successful party.

This is obviously simplifying the process a lot, but thought that was generally the process.

What i dont get is how after mutiny has picked their financier, why there is so much renegotiating etc.. All the terms etc should already be spelled out.

Either way, this looks like amataur hour for all parties involved. Im really glad CS wont be seeing any sort of profit from their options anyhow seeing as they dogged us by not 100% financing project.

As stated previously, management have already come under a lot of flack for past performance, next AGM could get interesting if company performance doesnt start rewarding shareholders.