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clock Created with Sketch. 05/06/19
13:06
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Originally posted by Birchcorp
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1. Securing requisite written approvals… 2. Agreement on common terms sheet for the above… So, this would be done, that’s a logical conclusion, we have been waiting for the funders for months, negotiations would be complete or ready to finalise.3. Finalisation of the rail link funding… Given the advanced stage and Papi’s background in this space, this has to be all but sealed. i.e. hand over the loan approvals from point 1 and 2 above and sign on the dotted line.4. Directors Approval… Again, we have been around for months and years, modelling is complete, and the directors know what they want. Sign and date and done.5. EGM… This one is exciting, as this involves us. The top three shareholders are out of the vote in my view (related parties -refer the 2015 takeover review), and this means you are shareholders have a real voice.6. The rest of the points… standard practice when finalising a loan. Its keeping us informed.
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