People who have been following CCC longer than I probably know what happened about this and may be able to help please?
In April last year CCC announced a $27m debt facility to be used to develop Vlakplaats and repay the existing debt facility.
By the time the June accounts were published in September there was no mention of this facility and hasn't been, as far as I can since. In the Dec quarterly CCC said that the existing facilty had been partly repaid ($8.5m) by cash and shares with $4.7m balance to be repaid in stock this qtr.
The cash update from CCC by poster Stelep7 didn't mention any availability under debt facilies (except for EDF and the cvt).
what happened to the facilty, has the company explained this already?
where did the $27m debt facility go?
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