OTCPK:NNDIF - Post by User
Comment by
Finalsayon Jul 28, 2020 1:16pm
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Post# 31331732
RE:RE:RE:RE:New Stream Agreement
RE:RE:RE:RE:New Stream Agreement For 2020 Q2 financial statements I'm not sure if I would expect PPE to be increased by $40 million, but I am curious to see how this will look. Noranda is going to receive installments of cash between now and June 30, 2022 and PPE will reflect the full 32 million in anticipated costs at time of completion. The deal itself doesnt close until July 31, so I'm not sure if that means we will only see reference to this in the notes for Q2. For the zinc delivery obligation - will the non-current portion of this liability be discounted to the present? Do they use LME price at date of statements as a proxy for the price over the entire contract? Overall I would expect an increase in the debt/assets ratio as a result of this deal