annt - how very disappointing and rude., page-19

Well Jared thinks the finance is done, as does Damo, but unfortunately the company does not say it is done. You fellows might be well-meaning, but it does no-one any good to say what you are saying.

Clearly the finance is not done. If it has been finalised then the company has to announce that fact, and it has not so announced. The ASX Listing Rules are very clear on when companies have to disclose in material matters such as major finance. A number of examples are provided in the Rules to erase any doubt Basically though, it has to be an enforceable contract or bargain before disclosure is required. It is possible that the Co may be very close to having sealed a deal. A contract with all if the essential ingredients may have already been prepared by a bank's solicitor and submitted to the Co's solicitor.

But take it from me, commercial contracts often take much time and effort by the legal teams to get to the stage pof agreed terms and conditions. So, they could be at the "trying to get it right" stage. I have no knowledge as to where things are up to btw, so don't read anything into what I have just stated. All I am saying is that until the contract is executed and dated, it is not a contract that needs disclosing.

Relevant factors that could be playing a delaying part too(if that be the case) are the fluctuating price of gold and our unsettled dollar. How do those things get tied down to the satisfaction of both parties? It can't be easy. Both of these variables are critical to both sides.