That's their predicament summed up very well. They just need to survive 2 years and the copper price should be on a roll. The loan arrangements are obscene though, it could easily doom the company, I can't believe they put the company into this position. Completely reckless.
If they fail it will 100% be because of poor management and the assets will quickly be snapped up by BHP or another large player. They are currently fleecing retail investors who are panicking right now.
Ann: CORPORATE UPDATE AND FY24 GUIDANCE, page-89
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