"You'd think MD's and CEO's would take a more conservative...

"You'd think MD's and CEO's would take a more conservative approach and not use that total give away of a word 'imminent'"

Some interesting reading....

Ann. released on the 7 April, 2014
Debt Funding to be Completed in Europe
Highlights
Progress in completing the €10 million in debt funding is now in its final stage. Condor’s Chairman
Dr. Paul Crosio has arrived in Europe and is overseeing completion of the final documents with the
lender.

Ann. released on the 17 April,2014
Progress in obtaining €10 million in debt funding is now in its final stage. The agreements have been signed and the loan funds will be available in April, Condor
will apply the funds to develop its Marianas Magnetite Tailings Project in Chile through
to production and to begin the drill-out and feasibility work at The Duel.

I believe management truly believed the funds would have been in by now but something must have gone wrong, I hope they are still able to pull it off