MAH where to from here?, page-10

Rambo it is of my opinion this last run was an exit for many.It is my view the price will again head back under 4 cents in the short term.I am holding a core parcel but my sentiment has changed.
The company has lost CC which is a major blow.
Nothing on mongolia in the presentation but i noted this.
I will add there is no "good faith" in business, we learnt this from FMG tossing mAH out the back door when in all accounts MAH performed well at CC.
If what Perthfx says is true and i suspect it is, then there is a big layoff of workers and MAH could well be in trouble.these are my thoughts nothing more.drawn down to date is $159m,


"Banking considerations
In September 2014 Macmahon entered into a three year A$317.5 million Syndicated Facility Agreement (SFA) with nine lenders. The Company currently has A$159 million drawn under the capital expenditure tranche of this facility as well as A$8.9 million of outstanding bank guarantees. As at 31 December 2014, the Company had cash on hand of A$124.7 million.
Due to the material nature of the Christmas Creek contract, over the next 90 days Macmahon and the SFA
At the completion of the review period, lenders will have the option to withdraw from the facility. If a lender exercises this option then that lender’s portion of the drawn debt will be required to be repaid within 60 days from the date the review period ends.
nders will discuss the impact the reduction in revenue will have on the Company and, if required, negotiate in good faith any amendments to the current SFA terms"