RE:RE:RE:RE:7th Turd CFO - and then we shut down for winter as plannedFinance Costs Finance costs for the fourth quarter 2020 decreased to $0.3 million compared to $10.4 million for the third quarter 2020. The decrease was primarily related to $9.2 million change in the fair value of convertible debenture derivative component due to the changes in underlying factors used in valuation method. Finance costs for the year ended December 31, 2020 amounted to $21.1 million compared to $1.8 million for the year ended December 31, 2019. The increase is primarily made up of a $18 million change in fair value of convertible debenture derivatives valuation as the Company’s stock price increased dramatically during the year 2020 and Stream arrangement accretion expense of $0.8 million.
..i hope you understand this ... if a SP rises and you have convertibles debentures outstanding with a lower conversation-price you have the realize a virtual loss ... this is only a accounting issue and no real loss ... non-cash ..it doen't matter ... the real financing costs were 0.3 million USD in Q4 ... in the event the SP falls below the conversation-price of the convertibles you have a virtual gain ...