I've never said that "it's just lawyers taking time to sign the docs".
The March announcement said that a "credit approved term sheet" had been received, which implies that funding had been approved subject to certain conditions being met.
There has been no announcement to state exactly what these conditions are, so we can only speculate.
But the fact that credit had been approved in principle is still significant. The quarterly announcement also said that the terms to release this funding were expected to be satisfied very soon, which provides some extra confidence for a good outcome.
Maybe the global financial system could collapse next week, and the lender could bail at the last moment, but I don't think that is being over-positive or unreasonable to believe what KCN has reported.
I've never said that "it's just lawyers taking time to...
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$1.55 |
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