I also tend to think it is a positive as it is a facility only if necessary, helping with at least near term working capital, Patience payments etc.
I still believe we are within the time frame on this point of the settlement agreement:
- within 3 months from the date of the Settlement Agreement, Cape Lambert will provide certification from a financier that project development funding has been approved
Hopefully a big announcement by around 10 July or earlier? Any strategic partner announcement could send this into a major re-rate IMO.
Good luck to all invested.
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