Time is running out, the Bank Syndicate extension was given...

Time is running out, the Bank Syndicate extension was given until the 30th June which is only 3 days away if you count Saturday and Sunday. So really the only business day left to make an announcement before the extension expires is between today and close of business tomorrow.

They should have recieved the $8m funds from the Government

We are still unclear as to;

1. The impact of the unexpected shut down not long ago
2. If there was an insurance claim attached to the shut down
3. Where the negotiations with the state government have gone in respect to the Carbon Tax cost transfers
4. What the value of the Carbon Tax credits are

My hope is that being patient will pay off and the banks will extend the Term of the debt allow Redbank to pay it down over time. this will create value for shareholders far above where the SP is trading today.