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23/08/19
13:15
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Lets not forget this Hegarty winner:
https://www.reuters.com/article/us-oxiana-zinifex/oxiana-launches-5-6-billion-agreed-bid-for-zinifex-idUSSYD18047720080303
disallowed/business/oz-minerals-class-action-signs-up-more-than-5000-shareholders-20110116-19sha.html
As Hegarty found out timing is everything and debt can kill a company.
Debt + ramp up + softening commodity prices - not a good recipe.
Bit more info on the royalty deferral - capped at $72M, interest payable (expect low rate) and security in place.
https://www.miningnews.net/politics/news/1369950/royalty-respite-for-budding-big-zinc-producer-new-century