RE:RE:RE: 114$ million american annually paid in cobalt oh god - it is disingenius to say 'doesn't matter when they get it, they will get it eventually' as they have 1)certain ongoing cash needs 2) debt time bomb 3) potential operating losses and yet no access to debt market. do you get it? 7 years will be TOO LATE
VerificateASAP wrote: Payment will come regardless and the leftovers remaining in year 6 and year 7 get fully repaid.
Whatever is still owed. They get more cobalt year 6 and year 7.
The cobaltcash agreement states if there are deficits from one year too the next they get addressed at the end of the term.
Payments will come too sherritt annually.
You make it sound like nothing is coming in.
I disagree ...the mkt like yourself is saying no cobalt is coming.
I state cobalt is coming in but DBRS never included it in their bond rating report. They neglected it and so do the analysts.
You neglected it too just now.
Do I need too repost the cobalt cash agreement