To big to fail imo, 3 big parties have already invested about $100m @ .05 , plus they release $37m last month , project is on target and under budget.
Mcap @ $63m , only way out would be to takeover of COK or continue as planned, unless all 3 wanna loose up to $150m in total.
They all want the goods and infrastructure currently inplace ,so for now expect COK to be coming out a winner here , already $25m coming from sale and mezzanine loan soon / CR , ANZ then have to full field the $200m as agreed.
Going into suspension was the best thing they ever done , locking all parties into negotiations and not playing funny games in the backgroung.
Well done to management for that.
To big to fail imo, 3 big parties have already invested about...
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