Hopefully KEBA accept the extension in the loan term and...

Hopefully KEBA accept the extension in the loan term and management have picked September as a end date because a deal is close.

As we all know unless management come up with a comprehensive financing deal then I cant see us getting anywhere. Cryptic that they mentioned talks are underway with SK over a deal. Lets hope they get something BINDING this time given what happened in the past.

It was heartening to hear that the bankers COK is talking to have said 60% project financing is a potential goer, but nothing more heard on this point. In any deal that takes place COK wont be negotiating from a position of strength so hopefully we get a deal that ensures the financial survival of the company without giving too much away. Still, the asset valuation is still very strong, and really its sad that with even such robust project economics it is so hard to secure financing in Australia which is increasingly being seen as high cost and risk, including sovereign risk as royalites are being jacked up.

Getting very nervous at these levels but dont have that much more to lose on this one already.