Fair point Firsova, I think they will need positive cash flow...

Fair point Firsova, I think they will need positive cash flow and contracts to get loans, but wouldn't expect them to need the loans without contracts that are either signed or agreed in principle.

Positive cash flow would presumably be demonstrated at Moolap. If they are not making money there they possibly won't be too anxious to rush into OS deals.

However, the process is already cash flow positive.

The structure appears to be set up so that loans would be made to the aluminium division and I think they'd be able to arrange that regardless of the profitability of the minerals division.