If the USG steps in and pays off those bonds then that would have to be classed as a miracle - I can't believe Uncle Sam is that stupid.
It's really difficult to see what the catalyst will be to fire up the share price from here - their only tangible asset is a boring refinery in Finland that is going to struggle to make a decent profit in the foreseeable future - the rest is a bunch of intangibles that might never amount to anything.
I must say it beggars belief to me that they're only providing $40.3mil as an impairment against the cost of the ICO mine where the accumulated costs must exceed $300mil - I just don't understand how that gains audit approval.
Look for the Notice of Meeting when it's released later today for the 25Aug meeting- Corporations Act requires 28 'clear' days notice - no talk about a 'share consolidation' in the quarterly today but....
If the USG steps in and pays off those bonds then that would...
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