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A few different views here, a number predicting a very good second half 2023.
https://www.kitco.com/news/2022-12-21/Copper-prices-to-find-their-groove-in-the-second-half-of-2023.html
DJ is back with a different name .go to hell monkey .
Don’t think it’s possible for copper prices to rise high enough to actually bail RMM out of this situation… Odds are history will repeat itself and they’ll blow out the share count and no heads will roll for it.
Why the need to post that if not invested, you may get pleasure out of folk losing money, bit of a sad person.
The lender will decide, they own the mine.
Moose is another name of monkey ..post no 1 ...come on DJ ..just go to hell
Hope you had a lovely Christmas Duffy. Nice to see you in good spirits again. Keep up the great work pal
Default is an event. It's triggered and the relevant clauses in the contract apply. Undoing default requires repayment of the loan, interest and fees in their entirety.
It's in the contract at Companies House.
Smart… an event of default has occurred and this means under their agreement they are entitled to act as you have outlined. However, in practise, a lender it is often more likely to reserve rights under the agreement to put RMM on Notice and work with them towards a beneficial position for both. Selling the asset right now, in a distressed position is not going to benefit either max. It’s important to note, the capital element is what has been missed, so restructuring over a longer term, or accepting reduction through dilution is also probably on the table. However; we are all simply guessing… we still have no update on costs, production levels or anything apart from how good the BOD claim the resource is.
Naturally, I’m not positive about having as share suspended and heavily underwater… but we are where we are… still think outcome is not nailed on as some suggest.