will the absa drawdown now proceed?

Given the massive fall in the company's share price and the market cap of the company now sitting at only $15.7m one has to wonder if there is some sort of trigger clause in the agreement with ABSA that would halt lending.

Guidance was given at the recent meeting that ABSA funds would be drawn down in August - I question where this is now at!

Interesting to see the company in a TH this morning pending an announcement regarding:
"a comprehensive Corporate update and recent initiatives"