nearly out of cash and insolvent?, page-14

BBB,

I think CCL( South Africa) funding is not so much the problem it is more about CCC ( Australia) given it has been made quite clear that the SIOC 215m ZAR transaction funds must stay in south Africa.

SIOC still owes CCL 75m ZAR as part of the BEE transaction. Not sure of settlements terms on this though as it is being funded by a vendor loan I think. If there were any problems a deal to bring forward terms maybe possible?

Refer ASX ann 18 Nov 11 and 14 May 12.

The Vanmag saga has been a real funding drain on shareholders. I recall Van mag funds were to be used as funds as part of the Marsahla original transaction. Yeah right!!
cheers