AVB management stated, "Total funding to see Stage I into production is US$70m ($50m Capex + $10m in contingency + $10m working capital). Of this sum, the terms to secure US$58m of debt have been agreed. For the shortfall (US$12m), term sheets are being shortlisted and subject to due-diligence, a financing decision is expected during the current quarter..."
(July 16th 2013 ASX release)
Hence, while a longer time frame is possible it is MOST likely that it will be in the next 9 weeks. They have been working on this for some time so I would think their expectation is realistic.
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the next $12m is almost here.., page-117
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