Ann: Thailand Update, page-58

It seems they have permissions to reopen and mine. So as long as the economics still stack up (with the new/current higher royalty rates, and access to the better half of A pit), then it all comes down to financing. They should not go bankrupt unless not gaining any financing - then we'd be done for in 2 months, a surprise administration announcement because of no finances left.

So if they get $100m financing for example, then that should give them enough to reopen and start making positive cashflow (rehiring/refurbishing, then processing stockpiles first, then maybe the unmined 2nd half of A pit, then dewatering - my guess). Then no issue (other than the royalty rates, in my mind) - cashflow allows them to negotiate under less pressure, and to fully develop Chatree again.