Ann: Jervois Q4 2023 Activities Report and Investor Call, page-9

Honestly speaking, what options do they have left?

Ideally, some sort of deal with the USG to create a strategic cobalt reserve at a fixed floor price (a "number with a 2 in front of it"). That way, they could bring the ICO back online & generate some much needed cash flow.

Alternatively, the USG agrees to provide some funding, so Jervois can sub out the looming bond.

Lastly, the bondholders agree to a debt for equity swap, but imagine the implications of that? And wouldn't the bondholders simply take Kokkola in the event of a default?