Pointless whinging...., page-18

the auditors specifically highlight the issue regarding the repayment of the ERM loan.
they are very specific, and state that IF EGO cannot find the funds to repay the ERM loan, then it is EGO which is "up the creek without a paddle".
The potential for EGO to not be able to repay the ERM would be a solvency issue. Huge ramifications.

I simply have no issue about EGO being able to refinance. Any number of options.
EGO have categorically stated they are looking at reserves based finance- ergo they are awaiting to well flow tests in order to get the best deal. And they also state that given the interest free nature of the loan, that they will wait until a loan needs to be drawn down in order to repay ERM.

it's the other issues I have concerns about.