Re the loans @wassa, I see this comment from the release as a...

Re the loans @wassa, I see this comment from the release as a strong vote of confidence from creditors.....

"Image had been researching options for the early repayment of the debt, however, thus far the Company has been unable to reach a value accretive purchase of the balance of the loan notes from their current holders."

Creditors would take less money on the outstanding debt if they felt there was any risk of default in the current climate. They clearly have seen and believe the forecasts and realise there's no risk of default. So why give Image a discount on the debt given the interest rates they are getting on their loan?. Image will only pay out early if there's a discount in doing so (given the value of cash), debt holders will only accept less if they feel there's an increased default risk.