quarterly out, page-26

Also no mention of the fine print of the loan conditions re default clauses etc - The company said they were going to debt fund the project in preference to dilution at a low S/P - They then ran with a highly dilutive $170m SPP at $2.50 a short time later - They now say the loan is insurance or a backstop if required but probably not needed given the windfall $80m worth of DSO on the ROM pad according to Ozblue.

Its not a long stretch to extrapolate the origianl prefered option of debt funding is now the least prefered option and still remains unfinalised !!!

Hmnn I wonder why that is ?? oh thats right the chinese banking system has had a fat finger moment and it will all be honky dory soon .


Carpet dont match the curtains as per usual !!