CYM 8.16% 4.5¢ cyprium metals limited

Ann: Noosa Mining Presentation, page-65

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    So finance is in the "final throws" according to Barry, who tells us the senior debt is basically sorted. Interestingly, because of the FX rate he says it will net closer to A$260m than A$240m. Presumably the bond instrument they are using is being taken up by overseas investors, which I find interesting.

    The sticking point sounds like the pre-pay/off-take. Any ideas as to why this part would be taking so long giving the Glencore announcement (for A$50m) came last month?
 
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