You are right the most recent loan was USD$35M, but they already had two loans from Shangdong. Total Shandong debt is about $85M AUD.
See extract from FML announcement below.
Agree with you that market will remain skeptical until FML puts up some reasonable operational data. Given project progress to date in a fairly challenging environment I'm confident, but have been wrong before and will be again.
Ann: Focus to Commence Production at Coolgardie, page-25
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Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $3.285K | 28.21K |
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| No. | Vol. | Price($) |
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| 1 | 40000 | 11.5¢ |
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