Ann: Quarterly report for the period ended 30 September 2018, page-15

Metal,

this is only my opionion, and I suggest you dyor:

1. the convertible facility has a leverage covenant within it
2. the full terms and details aren't public
3. this "may" limit the amt of funds that the company can draw down on the reserves based facility


this is why I askedthe question "what abt an acquisition" to inc the amt of reserves that would be available to borrow against ........

plse dyor

rgds
V_H