First of all I thought Gennady Bogolyubov was Ukrainian not Russian. Close enough, I guess. So this thread is misnamed. Wafin did not contribute to the recent Note issue but agreed to a September 2019 extension. So he hasn't quite thrown in the towel. Maybe he can't afford $1,3M for SDL? After all Consolidated Minerals isn't going well with a $400M Note moratorium (sound familiar?) and a loss of $29.6M for the year. Running a bank in Ukraine may have its problems, as well???? The Project does have value with over 500Mt of high grade DSO reserves and a completed BFS. It will be sold and all involved have 3 years to arrange the best outcome for Noteholders and shareholders. I suspect that things will look different in 12 months time.
SDL Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
