Ann: Half Yearly Report and Accounts, page-56

Hi Stirer, I assume you are assuming its refinancing of the Gemcorp loan. As I said to Croc, I dont think anything has been announced re that, but I will have another read. From memory I believe the utilisation of the 2nd tranche of Gemcorp was always at discretion of WKT so if they chose not to utilise it then thats up to them. I would assume if they can get a better loan then they would just utilize that in preference to the Gemcorp 2nd tranche to the extent possible .

If you are referring to prior discussions re refinancing the main project loan (approx 19% interest rate plus percentage of free cash for 3 years) already largely drawn then you would need to look into whether there are any significant break clauses and/or penalties for doing so,they may make refinancing a bit more difficult though likely not impossible.