Ann: AGM Presentation 2016, page-11

Interesting enough @olddizzy, that topic didn’t come up.

Extending the loan facility from $20M to $50M was discussed, I got the impression that they were aiming to get bank approval by the end of the year.

If you think about it, with the car loan pool at $25.7M and the existing loan facility probably maxed out at $20M, any cash reserves would be needed to fund the writing of new car loans which is currently between $1.5M to $2M per month.

I suspect that once the $50M loan facility is in place, we might get a better idea about whether that money will be returned to shareholders. The upcoming half yearly report will probably address it, provided the facility is in place.