TELSON RESOURCES INC SOHFD

RE:RE:RE:Excellent news, or what?

[MacRellen]

That video provided some clarification, thanks for the link.
Seems you're right that the Accendo financing is not a done deal yet. Ralph says in the video that the Trust as per the agreement with Tahuehueto needs to be in place before Accendo can provide the $12M loan. And he expects this to happen in the next several days. However, the debt settlement was just an advance, to settle debt owed to different creditors at Tahuehueto (as per the agreement in the NR of June 16).

These $12M from Accendo together with a stream deal for silver of $4M that they're hoping to settle, will be enough to fund Tahuehueto, at least according to Ralph. And, provided that Trafigura accepts this financing, they will restructure their loan agreement with Telson.

The Trust is a security not only for Accendo, but also for the debt owed to Trafigura (CAD 23M) and Nyrstar (CAD 9M), according to agreements with them earlier this year. Both Trafigura and Nyrstar have agreed to defer payments and interests until June 30, 2021. Basically, I see two realistic scenarios:
- Telson manages to get sufficient financing to get Tahuehueto up and running. If so, the loan agreements with Trafigura and Nyrstar will be renegotiated.
- If Telson does not manage that, they will have to sell Campo Morado and/or Tahuehueto to repay their loans.