At the outset of the Saloro deal, the Spanish lenders had had...

At the outset of the Saloro deal, the Spanish lenders had had enough and wanted out but reluctantly put a finalisation date on the existing loans.
Sure, not optimal, in terms of the acquisition deal but EQR didnt want that in itself to be a showstopper - they always thought they would be able to renegotiate a better deal down the track after they had full control over the mine and were able to improve its recoveries from a very sad 38%(?) to a now 70%.
EQR, with the help of Kevin's magic, has now been able to demonstrate to both Oaktree, as a now major shareholder, and the Spanish lenders, that the Barruecopardo mine can be, and now is, a profitable venture.

The successful ramping up of the mine to its current levels, as outlined in this announcement, has relieved stress to all parties involved and they can now sit around the table and discuss terms to finance/refinance a viable mine as opposed to a flailing mine in the wrong hands.

Hell, there are other mines in the Iberian peninsular so maybe these lenders would like EQR to crank things up, and expand the cluster theory - we all know that Europe needs a reliable tungsten supplier.

Why dont you try the glass half full approach