IMO its not derisked at all. Its derisked as far as the lender is concerned as they feel they can still get there money back.
But Renison still paying the bills is annoying.
Now its paying bills in the future already.
I would say this is based of the fact they believe that they can turn around Nifty to support itself.
All I know is the effort to get this Cu out of the ground is Costing $$$$$$$.
If they can't get it out cheap enough then leave it for another day
One day it will be worth a heap more than it is today and it might be worth mining it.
So far investors have been fleeced to get it out of the ground for someone else to enjoy.
MLX Price at posting:
16.0¢ Sentiment: None Disclosure: Not Held
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