"Also, the quarterly states clearly states that Cudeco has accepted the formal offer of the $100m loan facilites."
This might be so Pear Tree. But, it isn't formally being completed/approved, nor being made available to us either IMO, until all the documentation has been finalised.
That completion part, from memory, was supposed to be completed within a few weeks from when it was originally announced. So........
Besides, we had someone here saying that he/she had spoken to WM in person over the phone, and that he/she was told that the Chinese banking system was the reason that we didn't get the money into our Bank account.
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