best news since offtake agreement

It is fair to say I have had my share of criticisms of management over the years, but you also have to be man enough to give credit where credit is due.

I am surprised with even the smallest amount negativity in here as to as to the Project Financing Update 17/10. To those few concerned, you may get a better understanding of what a " Indicative Termsheet " is by checking the link at the bottom of this comment.

This is the best news to come out of Gippsland since the Off Take agreement of 11/2007, which is still valid.

When you have a document, even if non binding, mentioning,
Original Issue Amount ($), Coupon Rate, Payments & Maturity date "supported by FOUR (4) local Banks", that is a major significant step forward.


http://www.google.com.au/url?sa=t&rct=j&q=what%20is%20a%20indicative%20term%20sheet&source=web&cd=1&cad=rja&sqi=2&ved=0CCAQFjAA&url=http%3A%2F%2Fwww.fpml.org%2Fspec%2F2003%2Fwd-fpml-4-0-2003-08-04%2Fhtml%2Fconfirmations%2Fcd40_ex06_long_emeur_sov_fixreg.pdf&ei=P1V_UMyaGaWRigf_2IGICw&usg=AFQjCNHuk6_hlsTwQ8yuiMNivAzxxTgVJg