Ann: Company Update , page-11

The loan fell through because changes were made in settlement and AWD was unable to accept it "following legal advice".

You can read whatever you want into that, but I'm thinking the lenders wanted a sweetener which could be seen as a bribe. That's my interpretation.

Whatever the real story is, based on the announcement, I think it's fair to assume that the loan fell through because the lenders were dodgey rather than any issues with Gres or the Ukraine. So AWD shouldn't have dealt with these Euro guys in the first place but that's easy to say in hindsight.

It's disappointing but with everything seemingly back on track, I think there's reason to be cautiously positive. No celebrations until the deal is finally done (hopefully without further hurdles) and we're back trading but there's no reason to be negative atm imo.