"...So we should count the 10 banking days fron Euro loan landing date."
GRES says:
So long as they get a commitment from Crimea Energy, the new BANK GUARANTEE provider and GRES can complete the guarantee in 10 banking days.
The actual line of credit to AWD will then take another 5 banking days.
Checklist and possible announcements/updates should go something like:
1. Commitment from Crimea Energy Ltd confirmed. 2. 10 banking days from then, bank guarantee should be completed. 3. 5 banking days from then, line of credit open for AWD.
As the loan from the European investors was separate and "available almost immediately" on the 2nd of October, I'm just wondering how this ties in with my timeline above.
Perhaps you or Byron could expand on your conversation with Wal.
Forgive me if I'm overlooking the obvious.
AWD Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
