Missed the show today dropped a lot on minimal volume maybe the downrampers got the better of a few on HC today. Not intos selling that is for sure just retail holders.
This type of facility has been used by a few companies i know of in the past EPG,SBM,MMX,FMG,LYC,QGC and CMR of course.
Its unlikely to be drawn on but to have it available is a prudent move as a backstop for a worst case scenario, the new bloke is just making sure of everything.
A knee jerk reaction by the market sell and ask later. I would rather have this line of credit available than a possible capital raising hanging over us.
Once they turn the taps on at Longtom this will not likely raise its head again and expect an announcement any day that will put a more positive spin on things. Its uncanny how companies throw out the less positive announcements prior to the good ones. If they can tell us when the taps will be turned on and what discussions they are having lately im sure the SP will be back on track!
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