GREY:NEVDQ - Post by User
Comment by
Notgnuon Aug 31, 2021 7:35pm
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Post# 33792400
RE:RE:RE:NCU >>> NEWS OUT >>>
RE:RE:RE:NCU >>> NEWS OUT >>>Yes, It is just part of the process IMO. KFW bank is, from what I understand, a very conservative institution and it is itself backed by the German government so things take time and a lot of due dilligence and paperwork to get done... The long-term extension will (in my opinion again) happen without a problem (unless copper were to drop below $2.50 which I think will never happen again...ever.)
N
ZouZS3 wrote:
The Company is in discussions with KfW regarding a longer-term extension of the Project Longstop Date into 2023; deferral of debt servicing by up to twenty-four months; and the deferral of certain financial covenants under the Amended KfW Facility to further support the ramp-up of the Underground Mine. The Company expects to have the proposed extension and amendments finalized in the next month. However, there can be no assurance that such extension and amendments will be finalized by such times or at all. Failure to finalize the extension would result in the Company being in default under the Amended KfW Facility.