CCU cobar consolidated resources limited
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debt draw down ann

  1. jschng2000
    137 Posts.
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    16/04/12
    13:55
    Post #: 9986629
    CCU's latest ann :

    Project Finance Facility Draw Down
    Cobar Consolidated Resources (ASX:CCU
    amount of its project finance facility with CBA. The amount drawn was $11M.
    Quarterly repayments are expected to start in December 2011.
    Additional facilities of $5M for working capital and cost
    cost over-run are undrawn.
    ---

    Does this mean, in plain english, that they've used the $11M?
    And an additional 5M is available which they haven't used?
    CCU Price at posting: 67.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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