"A constructive dialogue is ongoing with the Lenders while they are considering these requests. The Company will, under the circumstances, not be able to achieve its target of 30 June 2020 for Financial Close. The Company is working with the Lenders to agree on a timeline for Financial Close and to agree an extension of the Common Terms Agreement post 30 June 2020 to cover a revised target date. The Company will keep the Market informed regarding further progress in accordance with its continuous disclosure obligations."
Bit of a smoke and mirrors response with a very open ended close out date?? It's a bit like watching paint dry the funding process for this mine !!
RES Price at posting:
7.1¢ Sentiment: None Disclosure: Held