re TD comment
Thanks, TuT for posting that. The most relevant information, IMHO, is the expectation of an equity raise in the neighbourhood of $150 million. (85 million shares at assumed $1.75).
However, the language used is strange in the extreme - the debt component could be arranged at reasonable terms, but the equity component "may not be currently available on acceptable terms".
In other words, there is no financing package, nor any prospect of same. No sane lender is going to extend debt financing without a hefty slug of at-risk equity in place.
Sabina has some cash in hand to finance things like lengthening the runway and paying for a super-sized sealift, as I recall. However, when Iamgold drastically increases the capex estimate for their Cote Lake project, you gotta think it's going to be a major challenge to raise $150 million, maybe $200 million+.
This scenario looks so grim it's probably bullish. When the company recognizes it can't finance this project, the next obvious step is to plant a "For Sale" sign.