Ann: Flinders secures $5 million loan facility, page-9

I agree with your comments Jake and those of wales1. This loan arrangement is ok from my point of view. It enables FMS to complete the maturation process and for the results to be made public. I believe that TIO/PIO would not hand out another $5m if they were not already reasonably sure that the project will be a goer. Assuming that the maturation results are positive should mean a possible substantial increase in the SP and hence less dilution from a RI. The terms are pretty good. Remember that any alternative route to market could always be vetoed by TIO/PIO anyway. So I am happy to continue to acquire.