the way I see it most of debt is from mining operations for spm and any debt direct to csd is because of the capital lag on the finance that didnt come on time, all of csd's assets ie the tin project is mine ready and fully permitted and going on the pfs figures and the current tin price , has to be factored into any value of assets totally apart from spm's, it was always the intention to concentrate on the tin project but because of delays they started mining spm tenures, a slump last year then caused an internal mini panic I assume and the financiers used that to leverage a better deal for themselves, the company didn't oblige so here we are needing a new financier. that's the facts, assets worth a lot more than any debt so imho csd isn't going down especially now.
the way I see it most of debt is from mining operations for spm...
Add to My Watchlist
What is My Watchlist?