loan confusion

think some were confused if the 10 million nole wasn't a loan?

Pg 5 of 2012 annual report:

"Subsequent to the financial year end the Group executed
binding loan documentation for a staged US$10m secured
Prepayment Debt Facility"

and drilling start (p7):

"The
Company is anticipating the commencement of the planned
RC resource definition drilling program in 1H FY 2013."

note 9 loan ii: how are they going to repay $1.576 million by dec 31st 2012.

They withdrew res 11 from agm "Approval of 10% Placement Capacity"

think they have issued enough shares this year...lol