Ann: Market Update - June 2018, page-54

I'm expecting RES share price to climb over next few weeks given that the noble situation was one of the 2 concerns the syndicate member raised and this had largely been addressed: "The additional information requested revolves principally around (i) mitigation of counterparty credit risk exposures during the period that Noble Group Limited (Noble) finalises its restructure plans; and (ii) the specific plans to secure working capital for the ramp-up of the mine." Issue 1 has largely been resolved or is in the process of being resolved - hence the appreciation in the noble share price. The second related to risk of delaying ramp up funding but I'm sure they'll have this covered. "In relation to the second matter raised, the Company previously indicated (ASX Announcement: 15 November 2017) that ramp-up working capital required in the period leading up to ‘first coal’ would be raised at a point where the Project has been substantially de-risked. The Company believes that this is still a reasonable assumption but will work with this lender to provide further comfort on how this will be achieved." Therefore I assume credit approval process should proceed now assuming no other conditions comes out of left field. Fingers crossed!!