bj82 Notice 1/02/2016 "The Company advises that SPM’s secured...

bj82
Notice 1/02/2016
"The Company advises that SPM’s secured lenders have now executed a Deed of Release, releasing the security attached to the SPM assets which will enable Settlement of the ASA to occur."
Also
Notice 29/02/2016
"The funding will meet the Company’s working capital requirements, plus acquisition of new assets and equipment, the continued development of existing assets, and for any other purpose as agreed from time to time between the Company and the lender.

This funding facility will allow the Company to consolidate debt that will be accepted by the Company as part of the ASA and also allow the Company to implement mining expansion plans within the highly prospective exploration projects that will be acquired from SPM, plus continue tin project development and other diversification opportunities."

Speculation on my part, I mentioned previously in regard to the security holds that it was a stretch of our beliefs and most had figured out what the hold up was long before the Company told us, notice after notice and then finally told.

Moving on to what we may have now, as it is we may never know for sure how the security holds were covered, if by SPM/SPII great/fantastic, we knew CSD was going to accept some debt from SPM, now what if CSD has convinced the party to lift the security holds with a (we promise to ........?), they then give a clearance to SPM and CSD takeover the ........? with new security holds as part of the asset transfer, I don't ever remember seeing a full list of stated assets held by SPM and what under due diligence needed to be satisfied (security holds), just that it needed to be!

US$20M loan from a Chinese Commercial Bank, a Chinese Bank or same as before Chinese Bank?
Doesn't matter!

The black box is full of many things we may never know of, the largest shareholders are running the show, (nudge nudge wink wink say no more), are they relaxed, if yes, then should we be?