I agree Birch, there are too many parties involved who are committed to getting this done, surely? Of note is the fact that Noble has released a further $2m, the documents are in the hands of relevant Boards to be signed off, without changes or with changes which invariably achieves financial close. 'All security documentation is in final form and with the Lenders for signature on receiving an approval from their internal committees'. Logically this should settle, the conditions precedent remaining are more appropriately dealt with after funding is unconditionally approved. I will not venture into a discussion about the outstanding CP's suffice to say they can be satisfied after financial close. I trust the funders have the insight to move this along given that time is of the essence.
RES Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held