Copper Price Breaks Out, page-3

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big mahn

12,401 Posts.

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27/08/17

13:07

Post #: 26787615
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Originally posted by bubby ↑

I can't help but ponder what the SP would be at if they got the debottleknecking right from the get-go.
Re-reading the activities report.....well I take it with a grain of salt...
but Arrangement of a new debt facility supported by the existing senior lending group, and which is currently being reviewed by the Company. These funds will allow the Company to carry out capital and production improvement works and provide general working capital, through to completion of a recapitalisation of the Company.
and
The Company with the assistance of its advisors continues to seek to identify and secure potential investors.

I am wondering what this will actually mean? The hints throughout this report to me says no CR, but more debt loading or dilution through a new player.

And what are we going to do when we run out of stockpile?

If you do a bit of a review of the new managers/officers on board, then one would believe they should have been the ones we should have had many years ago. A lot will be riding on Gordon Thompon, who is now the COO in the DRC.

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I think the better copper price is still keeping them in the game - just.

I read that as an additional short term loan to get them cashed up to continue on, then the recapitalization which sounds ominous could be a massive discounted CR along with a consolidation given how many shares there are on issue. That ties in with looking for investors.

TGS Price at posting: 4.9¢ Sentiment: None Disclosure: Not Held
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