From the announcement dated 01/07/2015 "Credit committee approval is anticipated by end July with finalization of loan documentation targeted for September 2015 and drawdown shortly thereafter."
Then from the quarterly "Long term finance package secured: credit approved $137.5 million term facility agreed with Taurus Mining Finance Fund "
In summary, credit committee approved the credit and documentation is targeted for Sept. Lets wait until end of Sept before we start worrying.
TGS Price at posting:
5.8¢ Sentiment: Hold Disclosure: Held