Hi El Jefe, good to see you back, have they paid the Stamp duty...

Hi El Jefe, good to see you back, have they paid the Stamp duty on the merger yet do you know, perhaps that's why they needed to draw more of the loan down?

Anyway, good to see them simplifying the structure of the debt into only one facility with security over assets at an overall lower average. Be nice to see them paying it down/off as quickly as possible at those interest rates though, especially as we need to be holding $15m in cash type assets on a $40m loan anyway.

"minimum cash covenant of A$5 million, increasing to A$15 million from 1 April 2020 (A$15 million being inclusive of the value of the letters of credit issued to the Company in respect of product shipments) "

Another small step forward in my humble opinion.