There are differences between BSE and MDL. BSE debt is backed by nothing more than the project and sells heavy mineral fractions directly while MDL has its refining operation assets as collateral, in addition to the project assets and consumes its mineral concentrates internally. Everyone and his mutt knows financiers have to go easy on terms in this commodity bear market. It might turn out to be a friendly lunch with champane with easier covenants agreed upon in the last 5 minutes.
MDL Price at posting:
44.0¢ Sentiment: None Disclosure: Held
