I hope I'm wrong but this is how I read it:
We were targeting credit approval end of oct and financial close by end of March 19.
The ann is silent on credit approval but states that end of March is now unlikely for FC hence the end oct credit approval must also be out of the window.
Now with Noble agreement it appears they are tightening the noose and giving us one more roll of the dice. if we don't deliver funding prior to this final extension is exhausted they will simply turn off the tap and exercise their right and we are all royally stuffed!!
anyone see it any other way??
The last advice I got from the company (earlier this month) was we are on track... that doesn't appear to be the case now.
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Ann: Extension of Facility Agreement, page-7
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