APG 0.00% 0.2¢ austpac resources nl

Thank you very much for that summary, Rabbit Trap."It appears...

  1. 6,721 Posts.
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    Thank you very much for that summary, Rabbit Trap.

    "It appears however, that the negotiations with Kronos for additional funding were hard. The Texas based financial headquarters additional funding options been; to be give the company away cheaply by placements or agreeing to a lien over the company, with restrictive conditions that if the costs exceeded budget, the company could be gone."
    ..................................

    That explains it all to me. Good on MT for playing a clever game and protecting the company(and us). I thought that there'd be a good reason for all the delays.


    cheers
 
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