Share
250 Posts.
lightbulb Created with Sketch. 19
clock Created with Sketch. 25/12/18
00:07
Share
Originally posted by DoctorFouad
↑
MZI should have by now already drawn the last 4M$ remaining RCF loan facility. I find it difficult to believe that they would accept to give MZI those last 4M$ and then just throw in the towel, refuse to continue financing the company and drag the company to bankruptcy in which case the liquidation of its assets would hardly repay any susbtantial amounts to RCF (they already poured in some 120M$ of equity+debt, in case of liquidation they may at best get some 10M$ - 15M$ in auctions from selling the equipment on site + land (that is if they find buyers), not worth it). Hopefully RCF will make the sensible choice and give management and the company the last chance to upgrade the plant and achieve profitability by H2 2019 thanks to a now clear path to profitability.
Expand
Why do that when they can just own everything by just waiting for us to get bankrupt and operate the mine while they claim their losses for tax purposes?
