OBM 4.00% 36.0¢ ora banda mining ltd

Only a matter of time, page-8

  1. 26 Posts.
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    What's your take on the Hawk's Point buyout of the Investec debt. As per the "Operation update on the 29th Aug'" they were extending the standstill arrangement until the 5th September . But there has been no update.

    The Company is advised that the foregoing purchase and assignment will close promptly. Additionally, Hawke’s Point has provided a further standstill period until 5 September 2018 during which it has agreed to forebear from exercising any rights or powers against the Company under the Facility Agreement or any related document (including under security provided by the Company in connection with the Syndicated Facilities Agreement) in relation to existing or subsisting defaults under the Syndicated Facilities Agreement.
 
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