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Thoughts on why Noble won't turn off the lights, page-6

  1. Birchcorp
    3,564 Posts.
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    02/11/20
    21:29
    Post #: 48596662
    I would agree if they have absolutely no capacity, but I cannot see that in their financials.

    In their 'trading' they have $350M, and they also have the inflow of settlement monies, and then the Jimalco IPO.

    Logically, would you think for say US$30-60M (debt funded) depending on who takes what, they would throw away this opportunity. Are you aware of the magnitude of this mine, the share holding to about 20-25%, and the marketing agreement they have in place?
    Last edited by Birchcorp: 02/11/20
    RES Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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