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16/06/25
10:20
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Originally posted by Quakers:
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This is a positive development. Also, they are in advanced discussions with multiple parties in relation to short term funding. In previous announcements it was both debt funding and CR. I assume debt funding to complete their workstreams. CR will be considered once workstreams are completed which includes the reset plan and revised production guidance. 3 contracts were terminated, and I think there is another 3 contracts in place for discussions. I am assuming that they do not have to buy in the Spot market to meet the deliveries on the 3 terminated contracts. Yes, they will be exposed to the volatility of the Spot market. I expect Spot market will be trending higher with some fluctuations short term. Cross fingers that they are on track in producing yellowcake by 30 June. Plus, there is a $750K incentive bonus for Samuel EPC if they meet the deadline.
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Thats a very good News.