RE:RE:RE:RE:Cobalt Pricing / SwapPoint C is interesting and TBD. We just don't have enough details. It is possible you might be right. However I think they will still be declaring cash dividends out of the JV IN ADDITION to the debt repayment by way of cobalt swap. If the cash distribution stop that obviously will mean that the Cuban partners are also not taking any money out of the JV at all and I do not think that will be the case.. The Cuban still need some income out of the JV and there will be cash declairations. We still get half of this money flow.
YourFriendo wrote: A) Only if they can declare the dividend.
B) I didn't imply that and I'm not even sure what you are saying.
C) It's major source of cash is from the Moa JV dividend. Those dividends will now be declared (for the most part) out of Cobalt....no longer cash. So Sherritt in turn has to monetize the cobalt in order the fund interest + oil and gas + technologies + corporate overhead + non Moa JV capex. So yes it needs to sell Cobalt.
D) If you don't want exposure to cobalt or nickel do t invest in a cobalt or nickel producer.