"You'd think MD's and CEO's would take a more conservative approach and not use that total give away of a word 'imminent'"
Some interesting reading....
Ann. released on the 7 April, 2014 Debt Funding to be Completed in Europe Highlights Progress in completing the €10 million in debt funding is now in its final stage. Condor’s Chairman Dr. Paul Crosio has arrived in Europe and is overseeing completion of the final documents with the lender.
Ann. released on the 17 April,2014 Progress in obtaining €10 million in debt funding is now in its final stage. The agreements have been signed and the loan funds will be available in April, Condor will apply the funds to develop its Marianas Magnetite Tailings Project in Chile through to production and to begin the drill-out and feasibility work at The Duel.
I believe management truly believed the funds would have been in by now but something must have gone wrong, I hope they are still able to pull it off
CDB Price at posting:
1.2¢ Sentiment: None Disclosure: Not Held
