And the following part written in the last announcement about the suspension, was followed of course by the 1st of April which, as we know, is April's fools day.
Have we all been taken for fools.??
""(The Company has entered into a non-binding Term Sheet in relation to the issue of a $AU22m
Convertible Debenture instrument, the proceeds of which are to be applied to the repayment of theis achievable.)""
US$15m China Minsheng Bank loan facility instalment due on 31st March 2017. The Directors are
not in the position to confirm that this financing transaction will formally settle by the Minsheng loan
repayment date, but discussions are being held with the Minsheng Bank to accommodate a revised
repayment date if necessary. Details of the Convertible Debenture will be released to the market
once a binding agreement has been finalised.
The Directors will not be able to sign the Financial Statements for the six months ended 31
December 2016 on the basis of a going concern until these funds are received. All parties are
working to execute the transaction by 31 March 2017 and the Company remains confident that this
Can we now expect an extension to our Suspension.??
It wouldn't be something unusual though.
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