IMO I don't think so....
In mining terms the Mezz was only technically approved 5 mins ago.
So now its down to the negotiations which may include rates & fees, Loan term, amortisation, performance guarantees, penalties.
What I was trying to say before was the more boxes a lender ticks off the less the risk and the better the deal for the borrower.
Ticking off boxes is vitally important to the lender because the only way they will get their principle back is from revenue of the project. therefore yet another set of eyes and loads of education by the company to get them up to speed. In this case the Mezz lender engaged a 3rd party expert to produce the technical report on the project. so i guess it is now down to the commercials and a formal offer to ATC.
GLTAH
Ann: Trading Halt, page-31
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