RE:RE:RE:RE:RE:DRC
Missing the point again....TKO bought that property and the project was killed by First Nations, and yes, its very dead despite the fact the company continues to call it an asset on their website. ( try reading how hard First nations fought to kill it in the supereme court) I would say that is pretty significant social/politcal risk? Losing by far, the best asset the company held. lol
If I were you, I would focus on the massive risks you are facing. Balance sheet is an absolute disaster where a huge portion of any cashflows you are generating is funnelled into just paying the interest on 600m debt. You need to take out more debt and issue stock, and you have 540m debt coming due in '26. Florence is in-situ, which has tons of risk associated with it from a technical aspect ( might want to check out Gunnison operation a couple hundred km's away) complete disaster of a startup. You have a town next door to your project that hates it and tired to block it for years. They have been very clear that if any "juice" hits their water table you are being shut down. That happens frequently with in-situ. One small event away from being bankrupt. Don't even get started on execution risk in the build out. Watch and learn, IVN will have built one of the largest copper complexes in the world with the largest smelter in Africa faster then TKO will build a modest in-situ project, assuming they can even get it done...