credit suisse in trouble, page-2

See ya bud you dumped your 1000 shares

What this means is CS is more likley to invest in less risky projects like deflector after completing a no fatal flaws reveiw loaning 11mil on the back of it abd settung up a hedge.

NOte:Ill reiterate JG there are several banks that are in the picture CS has first right of refusal.

Details of the deal
Greeve added, The board believes shareholders should be very positively reassured by this achievement following an extensive review by a leading international bank which specialises in gold project financing.

Upon completion of the Definitive Feasibility Study Credit Suisse has first rightof refusal to provide the full project finance facility, subject to Hartleys right to
act as lead broker, for the underwriting of future capital raisings.

Drawdown of the loan facility and gold hedging facility is subject to a number of standard conditions precedent which
are expected to be completed in the next few days.
Noahs Rule Pty Ltd continues to advise the company on the appropriate financing strategies for the development of
Deflector.
The attainment of the finance arrangement comes after an extensive review by Credit Suisse of the Deflector mine
proposal and geology records.
Deflector - Feasibility Study