ADV 0.00% 13.0¢ ardiden ltd

Ann: A$15m Facility Provides Flexible Project Funding Options, page-4

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  1. 2,649 Posts.
    lightbulb Created with Sketch. 187
    This is a G/tee that they can draw down upto 15m over 2yrs

    It has now secured the lifestyle raising package that shs should be running from..

    It is nothing more than Con Notes that can be drawn upon and once activated the company usually will exhaust them at shareholders expense and when finished management move on or the company closes down....

    Last resort of financing by a company thats desperate before drilling even starts that they have money to draw down if they dont find anything tangible with the drill
 
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