CDU 0.00% 23.5¢ cudeco limited

finance announced, page-16

  1. 24,386 Posts.
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    BRETTO you wrote:

    ""Wouldnt it be great for shareholders if he was happy to access this money at 7% and give any sales made in the mean time to SH as divis.""

    BRETTO,

    The following is what is written in the announcement:

    "c. Facility available to be drawdown within 12 months of the final documentation being finalised; and
    d. Repayment of the facility to be made progressively between 18 months to 30 Months from the date the facility is first drawn down."



    So, as soon as the facility is starting to be drawn down, the repayment date will click in, and it will have to be made progressively until the total debt, and interests, have been met in full.

    Lets not get ahead of ourselves. Shall we.???
 
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