In my opinion talking about getting cobalt in play - and even fixing the issues with the plant - are not the immediate focus. They are obviously crucial, but the biggest problem is that this company is groaning under the weight of its (very expensive and large) debt. I really hope that the current discussions can provide a longer term solution to this problem, otherwise we will just find ourselves in this position time after time again when there are production issues or the copper price weakens.
Unfortunately, the restructuring of the debt will be painful for us as holders in the short term as there will inevitably need to be a capital injection, or equity for debt swap, or both. But longer term, it will enable the money to be freed up to fix the plant and get cracking on the cobalt.
I really hope we don't get more bandaid fixes.
TGS Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
