Project Funding
Previous Shareholder communications included reference to an alternative funding proposal and an expectation that the relevant lenders’ credit approval processes and signed terms sheets would be concluded by (initially) end September/early October 2017 and (then subsequently) late October/early November 2017. Although the proposed lenders have completed their due diligence investigations and credit submissions, one of the lenders was unable to fix meetings of its credit committee due to the intervention of the year-end holidays. The Company is unable to forecast with any certainty the outcome of the credit approval process and when any signed terms sheets will be received but is conducting its own internal planning on these milestones being achieved by end February/early March 2018.
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RES Price at posting:
6.0¢ Sentiment: None Disclosure: Held
