Q1 results: USD 11.8m cash credited for debt repayment
As of March 31, 2021, operating debt is USD 10.1m. Slight increase since Jan 1, 2021 as a result of interest for 3 months.
Nickel and Cobalt prices have also been very good in Q2 to date. Therefore, as of 1.7.2021 the operating debt should be fully repaid and probably a free cash for Nickel 28 of plus/minus 3m USD as of 1.7.2021 remains.
Until the complete repayment of the operating debt, invoicing will be done on a semester basis, i.e. the effective debt repayment will be done on 30.6/1.7. From 1.7.2021 onwards, invoicing will be done on a monthly basis.
The CAD 1 rate seems to be within reach.
urai58
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