To all those members who are saying that the funding is a scam and that CDB has fallen for it are really pathetic, first of all Dr Paul has actually met with the bank and signed all the documents so that puts your theory in the toilet. Dr Paul had a high position in a previous bank he worked in, he his a professional.
Let's not forget that permitting is underway for the magnetite mine and has not been granted, it's obvious management is delaying the funding as much as possible to prevent pay back losses knowing well that they won't have cash flow until permitting for the magnetite mine is granted. The smart thing to so is hold off on the money transfer until permitting is close by, unless share holders want another capital raising through share dilution? Other wise be patient.
Can you imagine if the money was transferred already? Cdb would have to pay for the Dual drill out and how would they pay back the interest? So the delay in the funding in my opinion is a smart move by management.
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