Ann: Extension of Facility Agreement, page-8

Several things;

The Financial Planners Report has received different information then us, they have reported that 'conditional' loan approval is for end of November (page 9) from the syndicate. 

Draw down of finance is clearly post March 2019 as shown by the way this deal is structured throughout documents.

Should we default, it would be in our best interests to source other short term debt to ensure we don't hand over LCL shares to Noble.

All in all, pretty bold and dangerous move by the board if they are not confident of financing this deal. 

Either way, some buying opportunity coming up again!