come on..., page-123

"Grahod - did you work at P Hill during the turmoil at OZL?"

Yeah I did.

"Yes, the company may be currently profitable, but depending on the length of the loans and the Iron Ore price that the financiers are willing to accept in their cash flow models may show the company will not be able to pay back it's debts."

TTY has the means to pay back the loan. No doubt there. There is some complex issue between CBA and Noble which is holding up the loan agreement.