""" figured out (with complex maths in my head) that as CDU had some cash and have more from the raising then as we know how much to commissioning of the mill (told us at the agm)then with NO sales we may use 40 to 60 million of the credit facility."""""
There is NO credit facility available to the company atm. The bank has not even approved the facility. Read the first ann about it. And now read the qtrly Appen 5B Clause 3.2.
It's annoying that the coy keeps talking about offer and acceptance of the facility, even though the facility is not available. It has not been approved by the Minseng bank and the documentation is not finalised. Its was supposed to be finalised and APPROVED two weeks after the Oct ann, which led to excitement in this forum and cries of who needs dilution! We all know about the subsequent $2.50 saga.
I know that this matter has been thrashed around a lot in this forum.
Just trying to weed out nonsense and ensure facts prevails.
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