place done, page-35

Banks
dealing with banks...
a BFS required estimate $10 million as we are told....
fees for the loan..excessive always....plus trailing fees
interest on the loan...

banking covenants....what has killed many a companys shareprice when the shareprice fell below a set point.....sets the company up to be at the mercy of shorters.....Big companys have gone under with this scenero...ABC alco etc etc.....Ozl and rio almost but struck deals and survived to prosper...despite the bankers.....don't want this company put at the mercy of shorters......

fees assoc with constant reporting to the bank on the company's financial situation.....an unnecessary financial burden and more so too big of a distraction...the board needs to be focused on the mine...not paperwork for the Bank vultures.....

Better to issue new stock when the share price is much higher.....
Better to issue ....probably via a Hong Kong listing....we'd see a lot of Aust listed cdu shares shifted offshore to trade in Hong Kong....

Or do a private placement ,at much higher levels,
no prospectus fees....
No broker fees
No under-writing fees...no wastage.....

a debt free company with huge cash reserves is a safer play ...it got us through the gfc....
Now the comp-any is more advanced ...has more cash...and is still debt free......

Bringing in Banks....could put all this at risk...especially if the markets fall.....

one point ...
shorter borrow stock to do their trade downwards....at a fee....
the share value ends up being de-valued on the lenders books....
But if the lender is also in play to buy at much lower levels...the lenders av buy price can even out and even decrease....at the same time increasing their overall holdings.....
As I see it some shorters and lenders seem to work hand in hand..both profiting in the long run....a case where the left hand does know what the right hand is going to do next......

One cannot hold a stock and short it at the same time....so a third party is required for these outcomes.....as the shorter is paying a fee...and not related to the lender...it all appears above board...DON'T BELIEVE IT

END off day Bank loans for a company are high risk...for a start up company in these uncertain times....SUICIDAL.....FOR the company and shareholders....
good luck