RE:RE:RE:CDN$40 Million VAT + $35 Miilion Black Fox to Pay the DebtThat all sounds legit to me, very well could play out that way in CCAA protection. Im more of the mindset this can gets kicked down the road at least one more time. These revolver guys are no dummies, probably been shorting this turd for last year. 10-20 million shares in their pocket to back say a 40-50 million dollar loan for 12-15 months gets shares back to 30. -40 cents most likely and maybe a merger into something more sustainable.
Wheaton should take 30 million shares themselves, modify revolver and kick this can down the road as well.
CCAA defineitly high on probability but just as last time this debt due is easy to kick down the road as we have seen before. We will see