Certainly explains the strong bounce from the low 20's with...

Certainly explains the strong bounce from the low 20's with decent volume the other day. Certainly the fundamentals didn't. This one leaks on the way down and up as usual.

This is clearly good news. CMR needed a white night to roll-over the debt repayments from current outstanding notes to prevent dilution which as I have been saying all along would have put share price to the sword. $10M will cover the next 3 months Cornell repayments and give CMR time to prove itself one way or another. If the plant works to nameplate in 3 months then it may be able to pay back debt if cobalt prices stay strong. If they can't make money then they were doomed anyway. At least CMR won't die wondering how the Oxides plant operates.

goodluck