Post by
Notgnu on Oct 08, 2021 3:34pm
Long-stop date and term loan 2 year extension >>>
To me it is pretty clear with the onboarding of the new CEO that the loan extension is 99% a done deal. True that the terms could include a financing but alternatively they (KFW) could have just required some additional bridge loans from Pala or from another party to ensure that the ramp up continues to successfully to a cross-over point between capital input and cash-flow.
Whether we are at 75 cents or 85 cents today is kindof your-elephant. IMO we will jump 50% plus just on the announcement and if the terms are seen as favourable we will continue to track up... there is a big gap between here and Book Value... tht is the first hill to be re-taken.
Cheers,
Notgnu
Comment by
TeamEddie on Oct 08, 2021 5:52pm
looks like $2.12 in Jan 2022 is likely
Comment by
Notgnu on Oct 08, 2021 6:10pm
Ther price will be in the details and, importantly down the road, in the price of copper. NCU will be highly leveraged to copper over $4.00 and any longer term increase above that. See the slide in the corp. presention on the website. Happy Thanks Giving, N.
Comment by
TomsStockHut on Oct 09, 2021 4:58am
I think that KfW wants to see a budget share ncu of 30%, when building the OP and that the roadmap to this position is subject of the current negotiations (reference for this assumption: KfW financing of Northstream 2). KfW will want to take a significant role to secure copper supply for Germany. T.