Mercator Minerals Ltd MLKKF

RE: RE: Hope alone won't get the share price up

[Sharpie009]

The downside of holding the notes is essentially the same downside as with the shares.  Commodity prices have plummeted so there is a lot of uncertainty if the note holders will ever get the full value of the debt in three years time.  The note holders don't want a cash sweep of a few million dollars.  They want to see the company survive until maturity of the notes so they get the full value.  I'm long on Mercator but certainly am aware of all the inherent risks of owning the stock.  Very speculative.  I'm hoping the company will immediately use the funds they just raised to try and increase the production capacity to above 40,000 tons per day.  $7 million required.  As long as copper and moly prices don't plummet from current levels the company has a chance but the most challenging quarter will be the one ending June 30 as they will probably not be at full production capacity yet.