"CDU has been offered a "CREDIT FACILITY" that they will use if the need arises. "
GFM - the key word is "offered" - the facility is not available to be drawn down until both parties have accepted all the conditions of the facility and signed the loan documents.
This has not yet happened and its over 3 months late from their original announcement that said it would only take 2 weeks - Why did the company elect to do a $170m SPP at $2.50 when they said the preferred option was debt funding ?
Still considerable confusion over funding given the the SPP has only raised $54m at this point time , no cash flow from DSO has happened even though it was muted to start 12 months ago and the $100m loan still not finalised - Share price is sub $1.50 ?
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