CR a certainty. Question is when and how much new interest their advisors can drum up in conjunction with any available debt.
Third world projects are expensive to debt fund and most of it is convertible when available. Look at HFR this week which is shovel ready and in Spain! 14% coupon and 50% discount on conversion - dilutes everyone by 25% and that raise was to keep the lights on
Ann: Binding Offtake and US$10M Prepayment Agreements with POSCO, page-27
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