Agreed. I suspect the more immediate concern (if I was MCR management/Wyloo) may be the high probability of a lending covenant breach and the associated near-term implications around that.
Offtake (sales) and potential financing dramas caused by running fast and loose in their haste to bring production online (i.e. met work 101 fail). I'm probably oversimplifying this, but it really does highlight (to me, at least) the critical importance of getting the boring ducks lined-up properly before pulling the restart trigger. Better boring than the 'excitement' associated with this emerging cluster...
I'm certain it will resolve itself under Wyloo's stewardship/ownership... eventually. But, as you indicate, not before materially more external cash is thrown at the problems before resolution is achieved.
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Agreed. I suspect the more immediate concern (if I was MCR...
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