Another observation we can take from WAF was with the debt hanging over their heads, the "country risk" had stronger weighting applied by the analysts (look at the historical Sprott guidance for WAF).
once the debt was getting chipped away at the analysts target price began to creep up then eventually shot up about the time their net cash was positive.
they had a mini re-rate because the risk of failing to pay their creditors was gone. Say they had a big operations incident it would mean no more revenue and they would have had huge interest bills while they delayed their loans.
so if the CR is in fact for Ajubar it means a smaller loan TIE can pay back sooner so maybe the analysts ratings can rise sooner. Overall could lead to a faster re-rate once in operations
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