RE:Someone smarter than me.. Define 'in the green'? does it mean head above water? Does it mean jv able to pay receivables? Does it mean energas able to pay electricity plant redirects? Or does it mean profit?
Albatross wrote: Anyone do any price projections lately with maybe new nickel price band (lower projection??)
Where do we need to be roughly to be as far as nickel prices to be in the green? Are we at risk of debt default again if prices for our products linger at the current levels? Will we be able to kick the debt down the road again?
I know we talked about Sherritt having its own built in poison pill (not likely at risk of takeover).. and for the same reason the bond holders are subordinate to the shareholders.. so do shareholders have much to fear in that regard? I think most long term shareholders just fear more of the same slow decay of their equity with no hope for any return..
I know the are other inputs involved could all change and have a big impact.. cobalt prices, fertilizer prices, natural gas cost, sulfur cost. Let's just say that stays the same for now.. where do nickel prices need to be so we can pay off our debts?