I suspect the debt loans haven't yet "fallen over" but they are under a cloud (as per the announcement). All loans (incl. the $300m) come with lender requirements/expectations and also 'guarantees' by the borrower, and significantly negative circumstances will trigger problems (even with old established loans)...And let's face it the drop in price of oil, the closing down of so many worldwide activities, the shutting of borders etc. is a massive shifting of the goalposts since the last advice on these loans.
On the positive we have cash. There is a reasonable chance the project will need to go on some degree of hold...which hopefully we can use to our advantage to buy the time needed to re-set any loans we need. Also fingers crossed about our relationship with Woodside.
dodds
Ann: FAR update, page-55
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