GREY:NMKEF - Post by User
Post by
Tcheckon Jan 17, 2020 2:46pm
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Post# 30566295
Orion not in ccaa rearrangement plan ?
Orion not in ccaa rearrangement plan ? Not only nordic trustee can claim money ,i imagine.
we owe orion 7.5% of lithium sales .The second half of financing fell through .is that it ?no money given no money owed ?
when the financial balloon burst because of ballooning costs we are left in fact with no financing deal at all.only equity financing remains standing .
the 600 M offered by pallinghurst are no match for the money needed to fill the gap.
i have 400 M usd loan
75 M usd orion
375 M cost overruns
+n M interest payments
+ n M penalties .
+n% inflation
+ n% new cost overruns .to come because of delays .
what am i missing .it is an exhaustive list .
offtake agreements ? just kidding.
who is supposed to pick up the gauntlet ,i wonder .
we cant count on IQ thats almost certain.hard to say on which side they stand .
they look like a trojan horse brought in the company to slaughter the existing shareholders and serve the company on a platter to an outside hostile investor for a price .share in the riches through taxes .
With such friends who needs ennemies ?
We would have hoped for a better treatment.looking for a common solution instead of looking to sacrifice coinvestors or acting at the expense of existing shareholders .
with qc s money they fight qc investors .c est du propre .maybe we should pay our taxes to england instead of qc.they protect our interests more .
they follow the same script
stornaway,
nal
and now us .
nemascandal .
lather rinse repeat