Bommer - I think the fact they wanted $100m and have only got...

Bommer - I think the fact they wanted $100m and have only got $65m finalized ( why didnt they just run with the total $100m if Minsheng are still offering it ? ) then add in the disappointing result to the SPP only $6m raised from shareholders and $50m from the underwriter for a total after costs of $54m when they were seeking $85m still puts uncertainty in the market around funding particularity give no DFS with actual capex requirements detailed.

In answer to your question on the other thread yes they dont pay it till they draw it down and the LIBOR rate could go up or down but on face value it would seem the cost is 7.75% on $65m total drawdown was quoted at 7% in last years ann - IMO they will need to drawn down the lot plus some.

Buy the rumor sell the news normal story this morning .