RE:RE:RE:RE:RE:RE:RE:RE:RE:Cobalt Pricing / SwapYes you are correct. Up to a minimum dollar limit whether the dividends is in cobalt or in cash it will be redirected to Sherritt. Once that minimum is achieved however the dividends will be equally shared between the two partners. I cannot see Cuba foregoing cash dividends therefore they have the motivation to hit the minimum threshold so that they themselves can receive some cash.
YourFriendo wrote: Yes they are on the hook for this. But people need to understand that the cobalt swop does no guarantee a cobalt stream. It's still subject to the dividend being declared by the JV (and in turn Sherritt getting 100% of this). At current prices this should be no problem, but it seems some on this board think it's a guaranteed cobalt stream...which it ain't