Ann: A$5M Loan Fully Funds Phase Two Wet Plant & Production, page-4

with this loan, we can look forward to get off the starting blocks NOW and that is a great sign...

this should definitely re-rate the company imo...

never seen a 200% clause in 5 day VWAP... - great work management on that front...

all good for now.. the only concern for me is the last line which says " Upon repayment of the loans in their entirety, Magna will then be entitled to receive a 7.5% of gross revenue royalty for the life of the Kurnool plant."

7.5% is way too high for a royalty but in this climate where do we get $5m funding from? So Shylock has to be paid off with a pound of flesh I guess...