Draft term sheets are a start for negotiations. They need to start somewhere. Remember that terms will be informed by due diligence process by the financiers as well as site visits. Quite sure that the board is acutely aware of what bought them unstuck last year. New capital advisors ( which they didn’t use for the RCF deal ) should be providing them with the right advice.
Ann: RIU Explorers Conference presentation February 2019, page-4
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