In these circumstances perhaps the repayment schedule to Varde can be renegotiated with a deferral and/or extension by reduced payment terms. Cushioning the effects due to Covid-19 by any means should be top priority.
Unfortunately the company is held hostage to falling zinc prices and high TC's - the falling dollar and lowering unit costs provide some cushioning.
Very fragile economy with lots of rocky roads.
NCZ Price at posting:
7.6¢ Sentiment: Hold Disclosure: Held