The Syndicated Facility Agreement is to be amended and executed to reflect the revised term sheet within 21 days.
Since 31 December 2011, Hastie has continued to draw funds under the Syndicated Facility Agreement.
Refer note 1, Going Concern for further information
<--- reference from the half year results
My question would be to anyone who can answer it. If the syndicated Facility agreement was to be amended within 21 days, and those 21 days have been exceeded. Does that indicate that the banking facility may have issues with the terms.Also that, it is possible Hastie may not have the banks support. This could be an indication on why the SP is tanking
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