Ann: TNG Mandates KfW Bank for Debt Finance for Mount Peake, page-91

its interesting.

My take is " already resulted in a positive outcome" cannot relate to the signing of the Mandate but some other event sufficient to warrant a presentation involving KfW at the Perth offices.

So has KfW indicated their contribution conditional on getting the target US$600 mill? 

Or perhaps NAIF who are lenders of last resort agreed that the criteria has been met for there infrastructure fund requirements out side the $600 mill figure. 

Puzzling, but I take this whole announcement as extremely pisitive. It's down to the detail to be finalized by SMS and as the Mandate commencement is 15 January 2019 SMS will be tying down the final details for presentations to potential contributors targeting that date.

This announcement confirms how important the long standing relationship with SMS has been and just how far advances TNG has got in the finance stage while waiting for licensing and permits to progress. 

It also confirms that the Refinery EIS is under control otherwise they wouldn't be looking at the complete finance package. 

Re rates soon enough. Just hang in I'm thinking.