Re: EMG I think we are looking at the most extreme possibility about funding. They have hardly even used the ABL facility. What is it? $140, $150 million? They have used about $20m. They have like available another $100m something they call "in the bucket". They say they have plenty of lever to get to 2026. That's what their focus is on amongst other things such as reduce costs.
For days I have noticed buyers coming in on the buy side. Everytime someone dumps a large lot into the buys, the buy volumes just keep increasin. Do you think that's retail buying?
The company will get waivers on whatever they are wanting. They're in advanced talks with everyone and judging by the call they anticipated the financial position a while ago. Even Stanmore did the same. I know they are profitable but...............
Total liquidity of US$389 million including US$220 million of undrawn working capital facilities, providing fundingcertainty during this period of heightened macro-economic and coal price uncertainty•
Closing consolidated cash of US$169 million and net debt of US$146 million following payment of the 2024annual dividend, completion of the ongoing growth capital project pipeline and working capital build
I don't believe It's in the interests of Stanwell to not accept a short term waiver. Who is going to supply 3mt of thermal coal to them?
MinRes market cap is $4 billion but has net debt of $5.4 billion CRN has fitch rating of "B" MinRes has fitch rating of "-BB"
Why do you say that the outlook for MinRes can change very quickly?
@Cashmeoutside re"distressed assets, do you think MIN is more distressed than CRN? Iron ore and Lithium is down.
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