Agree with your analysis BT.Also add that the bulk (70%) of...

Agree with your analysis BT.

Also add that the bulk (70%) of Moy’s debt is to shareholder IMC.

So if Moy can deliver 20k oz from here on in and reduce ASIC to a satisfactory level it will be in IMC’s interest to extend the loan repayment timeline beyond 2020.

The loan provides IMC a nice income from their investment and foreclosing on Moy will be like foreclosing on themselves.

With Novo the only realistic buyer of Moy’s plant I can’t see any reason for IMC to want Moy to fail.