my understanding was the the finance basically was approved and...

my understanding was the the finance basically was approved and got withdrawn at the last minute (could be wrong though)

so - simply looking at what factors would have lead to that and there is basically only a couple of factors

- security for loan was insufficient - but then they would have said no some time ago

- perception that margins were not going to be sufficient to service the loan based on BFS presented



and that brings me back to the original question:

did the "lenders" know about the current action on POG and therefore changed their mind or is it just coincidence ?