Ann: Re-financing Partner Selected, page-41

On 12 September 2014 RFE advised it is considering either refinancing or asset sales or maybe both to allow it to repay a secured loan which was due at the end of September.

Yesterday the company appears to have advised that asset sales are off the agenda preferring a new loan facility on which to go forward.

RFE is not in default over the loan because the existing loan provider doesn't appear to have raised a default on the company. On the contrary the existing provider of the expired loan facility seems to be working with RFE and a new loan provider to clear the debt.

If I have read the reports correctly then nobody can justify RFE being a 3 cent stock.

With James Packer being associated with a company which is a major holder of RFE shares I cant see the company share price hanging around 3 cents for much longer.