Ye, I think its a good outcome that keeps the wheels turning. If they cant turn Challenger around I'm not sure the assets will be worth much. Byrnecut will be in even deeper if they are owed $20M later which will be in WPG's interest. $4M in interest is alot of ounces if AISC remains high.
Aside from the turning a profit thingy the only issue with this is if Pybar are successful in their claim. Does the debt facility cover that, the statement only refers to the funds in the context of working capital, not extraneous legal costs.
Ye, I think its a good outcome that keeps the wheels turning. If...
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