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30/01/24
07:53
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Originally posted by Deme:
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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?
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Are you attending the meeting mate? I’ll be working so will have to catch the recording/transcript. Today will be an interesting set of figures.