Why do they keep postponing this debt payment to a very close date? After all, nothing will happen on that postponed date. Is it possible to pay for this debt before the cobalt mine in the USA starts production?
The company currently has the economic value in its possession, the facility in Finland, which is probably at the lowest market value due to cobalt prices.
Another option is classically a capital increase, and the justification/story is important for paying off such a high level of debt.
In this case, what could be the exit story (other than the cobalt price increase)?
Reserves for another metal other than cobalt could be announced in the mine in Ohio??.
Do you have any other predictions about the exit story?
Ann: Extensions to Waivers under Jervois Debt Facilities, page-6
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