RE:SECURED Debenture & Loan Are The WILD CARDS !Hello and good morning FT Longs:
Even if Fortune were fortunate enough to get loan forgiveness (which in all likelihood) will happen, it does NOT give them operating capital to keep pushing some kind of deal?
That leaves very few options and the company would be reliant on;
1. Government loan (likely some form of funding from NWT first),
2. Rio Tinto to bail them out
There will be no private equity coming to save the day and Haywood has probably blown their wad in efforts wasted.
I am curious as to what happens come December. So, come on Robin lets have some news already.
Yellowknifer