sloppy reporting, page-4

As a holder I am curious as to why the sblc is required to achieve project financing. There are ample projects being financed everyday based purely on the bankers case and where the assets are 3rd party certified.
Last time I looked interest rates were continuing to rise.
Isn't $40M US less than 1% of the inground/pond assets?
Perhaps it's all part of a much larger strategy.
But at this stage it seems like a lot of hokey pokey simply to secure a contract for the sale of what is currently a very hot commodity.
Perhaps it is the performance of the company to date which scares bankers and iron-ore buyers.
If we can not achieve finance on reasonable terms without the sblc, then as a shareholder I would like to be informed of that because that provides clearer information to me as to what some of the outside world thinks of ADY and the ability of it's management to undertake and complete the task.