What does the mean? Is this potentially GOOD news and they are just saying that need extra cash to get the restricted cash released? If you are getting cash released the why do they need cash? Where the Demand Bonds demanded?
Can someone interpret this for me:
The Company is engaged in discussions with its two largest shareholders, Resource Capital Funds and Newmont Goldcorp Corporation, as well as with Sprott Lending, with respect to its near-term financing requirements and corporate strategy. The Company has not breached any covenants with respect to the Sprott debt facility. The discussions with respect to the financing requirements includes support for the potential release of up to $30.8 million of restricted cash along with additional funding alternatives. In the absence of support from its largest stakeholders, the Company will require funding from other sources to fully meet its near term committed expenditures.