Ann: Appendix 3B, page-20

ozblue,
I mentioned to malgmac that before the CuDeco Board signed off on the Minsheng bank loan it would have carefully scrutinised the loan in line with its fiduciary obligation and would have had to be satisfied with the documentation.
CuDeco has informed us :-
That the Minsheng Bank when agreeing to grant the loan of US $65 million dollars { approximately $70 million Australian ] has also agreed to increase the facility to US$ 100 million if the Cloncurry rail and Townsville Port facility require additional funding.
That this was after exhaustive due diligence process by the Minsheng bank.
Loans of this magnitude are not easy to secure particularly in the current climate and are not done in haste.
You have some doubt in your mind which is not in mine. Having Chinese Directors of CuDeco representing major Chinese companies would ,I feel, have helped considerably [ apart from the viability of Rocklands ] in securing the loan. The Minsheng bank would not want to let them down particularly companies of the strength of Oceanwide and Sinosteel. I am perfectly relaxed about the loan. If needed ,it will be used. You can have a good night's sleep on this one.
As to your inference that I work for CuDeco, unfortunately I do not. Cloncurry would be too hot and remote for me although they say you always get a warm reception in Cloncurry.
Incidentally, the AGM is months away. There could be a lot happening before then. I do like Tuesdays.