Perhaps, however as you may already know they are required to pay interest and principle from 1 Jan. 4-5mil isnt enough to repair the plant and pay off loan + principle. There are two issues at the moment, one is profitability and the other is cash flow.
We need the mine to be profitable (to be fixed), once that gets sorted we will have cash flow coming in from the copper price.
Thankfully the wet season will be behind us, any repairs in april will be done so on decent weather. I dont see the banks pulling the plug with copper bouncing back so much since $2. What they might do is screw us over by taking a D/E swap or by capitalizing interest again.
Overall not good news (obviously) but it can be managed, the CEO was smart enough to put this in halt, otherwise theyd never be able to a CR.
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