First HiccupFirst major hiccup and havent even gotten pasy the paperwork yet. Thsy should have known clean up bonds cost 100 times more than they did 2 yrs ago since all the western players were banned from financing carbon energy.
Its all gone to carbon friendly nations and private players financing with abcp instead of loans and bonds goi g to offshore who have just seen the demand syrocket by 5000%
Wait till they get into the permiys, licensing and field ops they will see all costs rising 500% above estimates as we saw with this emergency fund raising.
Surely they could have applied for welfare and other govt support like
80% of Canadian companies funded by my tax dollars LOL.
Remember they also has a CL. So really they needed probably $20M emergemcy funds for a $150M clean up liability - still reasonable leverage haha