Post by
nozzpack on Oct 01, 2021 10:10am
Resolute has $250 million in debt
It has too much debt to contribute 26% of the cost of building the Adumbi complex mine.
$75 million of that is due in the next 3 quarters.
So, if Loncor decides to go it alone rather than sell Adumbi, Resolute will not have the fiscal ability to contribute its share of the costs.
In my view, it will find a buyer for its shares and the price won't be $0.62 either..
Comment by
mferguson71 on Oct 01, 2021 1:30pm
Great thoughts Nozz. Very well done. Thanks for the dd done on Resolute and their debt.
Comment by
GoldenEra on Oct 03, 2021 4:43am
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