Well ROH it seems your "if needed" draw down option on the loan was needed and a big whack of it was drawn down not long after the mortgage docs were signed - Anyway on a positive note the loan is finally a reality and the cash has arrived - will there be more required ?? only $20m left of the $65m
All documentation for the facility was signed before the end of the financial year but the last condition precedent for the facility being the registration of the mortgages was completed in July 2014 and the first drawdown for $US45m ($AUD48m) was completed on 31 July 2014.
CDU Price at posting:
$1.56 Sentiment: None Disclosure: Not Held
