secondary sale cleansing prospectus, page-25

I don't know Toll. Well at least you found out details of this due to Asx rules. It appears a larger chunk of $8.5m of the facility was repaid from proceeds of exercise of options last quarter. I don't know the details of that though others may.

In saying that, this transation doesn't really seem like a shafting to me. These lenders committed capital some time ago when CCC must have been particulary high risk so you would expect lenders to get some upside. It was them who really enabled the Mashala acquisition in a way.

It does though highlight the problems investors face with CCC communicating only the good stuff. They announce faciltiies, including the EDF ones, without giving any details. In some cases the facilties never even happen, you put it in your model, and then find out it not there.

Instead of congratulating CCC management for these the shaftings they deliver, investors should hold them to a higher standard I think. They need better public delivery of imformation. Its like trying solve the secrets of the pyramids just getting to basic position.