The zinc price is not undergoing a correction, it's just retracing within the overall up-tending pricing band still, in synchrony with inventories being replenished. Global inventories are still low so there is room for producers to produce, this is good for SL1 still.
I don't know about debt but my hope is the deadline is being extended and I am hopeful that the cash flow will run positive. If they are producing as stated (they had better be otherwise the management will have more than just some irate investors to deal with), then cash flow is on the cusp of positive IMO and this should make the creditors (Noble and us investors) have reason for positivity.
There is no point being anything other than optimistic at the moment, apart from scratching some itch people might have.
SL1 Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
