TKO 2019 Financial ReportI went through quickly the TKO 2019 and 2019 Q4 financial reports The company still generated positive cashflow for 2019 and 2019 Q4, but negative free cash flow. EBITDA was
slightly over $50 million with EV over EBITDA slightly over 10 (it means fair price for the current share price).
I believe that the company will survive based on cash flow, cash on hand, liquidity and liabilities. The senior notes due June 1, 2022 needs refinancing, but it can be done, probably at higher interest rate.
If you are long, it is better to hold it and be patient, and you may need to wait for 2-3 years. I don't see significantly jump into share price. But I don't see big drop in share price either. per my guess for copper price for the next 2-3 years, share price may be in the range of 0.4-0.8 for TKO. Even TKO gets Florence permits and financing done, the share price may not be much higher than 0.8. But I do see copper price improving going forward and share price for TKO improving to 0.6-0.8 range.
Good luck!