ASF, I found this on the RES thread:"Under the SSA, subject to...

ASF, I found this on the RES thread:

"Under the SSA, subject to the fulfillment of certain conditions, payment of A$22,571,236.60 by the Company to RES for subscription of shares in RES would have been due on 4 December 2013. The Company wishes to inform its shareholders that the Company has been in discussions with RES since the evening of 5 December 2013 and is continuing to engage in discussions with RES for a mutually beneficial outcome on its subscription for shares in RES."
Source: http://blumont.listedcompany.com/news.html/id/384206

I'm hoping it means there is just a misunderstanding about the conditions precedent for the placement, rather than a smokescreen for something worse. Fingers crossed.