Sorry to rehash this thread, just wanted to add some info.
"Unidentified Analyst
Nick just a question around the convertible bond date, and I suppose some of the terminology that’s been used around defining whether the TOL is issued or not issued or not approved. So in the bond date, there is a last one approved event. So at the moment, is the TOL defined as granted or approved but not issued or is it just not approved?"
http://hotcopper.com.au/post_threadview.asp?fid=1&tid=1805176&msgno=8413645#8413645
"There is no provision under the law that a license approved may not be issued. A license approved is as good as issued."
Kuala Lumpur High Court Judge Yang Arif Datuk Rohana binti Yusof
http://www.loyarburok.com/2012/04/17/lynas-judgment-dismissing-leave-judicial-review/
mt kellett definitions, page-55
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