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Where is Jeremy Martin now!
More money to be made from production, I hope administrators resort to funding, or do some debt/ with equity in stock, Just to keep afloat, and exit administration with funding package.
Shame they felt the need to delete the NPV calculator 3 days ago!!
This makes a huge impact to the overall viability so I would like to think so but at the same time I don’t want to get overly optimistic as we’ve been through a lot here.
Do you think one of the 39 will come back to the table?
I hope so 😁
It really does matter
NICKEL Price
21,066.70
+1,731.70+8.96%
Not that this matters any more 😩😩😩😩😩😩
https://steelnews.biz/nickel-prices-jump-above-usd-21000-mark/
The reason New Caledonia
https://www.politico.eu/article/new-caledonia-france-brink-civil-war-nickel-gun-macron/
There’s More …..
NICKEL Price
20,970.92
+1,635.92+8.46%
Am I seeing things WTF
NICKEL Price
20,854.15
+1,519.15+7.86%
And now Nickel making great gains, you couldn’t make it up!
LME Nickel
19797.00
IMO, we can’t blame Jeremy Martin that much, though There was a rotten fish at top when Glencore had 17% stake but didn’t appoint non exec Director. Now another corner stone is La Mancha, shareholder as well as bond holder. Outcome of this jeopardy will suggest wether he dealt under the table or comes clean.
Yeah, administration has made my day! Back up the truck! :D
Shareholders have got zero chance of any return.
Only winners out of this debacle at this time is Jeremy Martin aka The Snake and Retter. They took several millions each including commission for securing the unfit "funding".
Special place in hell for those two.....could someone post their residential address on here please....
I still cannot understand how a joint approach by lenders and cornerstones could not get a concensus to move forward.
As you say though, maybe some group is trying for a very cheap buy up, especially since Ni price is on the rise
If you noticed the Brazilian sub has not gone in to admin.
I seem someone on this chat said that if they did then the mining license would be suspended maybe cancelled.
Maybe a buyout next week?
@KRSS , I hope you’re right and we all get something back
Is this some cowboy administrators looking to hand over all the assets on the cheap to Glencore etc?
@LuckyLaurie, Co’s total secure debt is $346m plus $65m bond holders, $131m is not drawn yet. Additionally, $20m was secured recently. We don’t know the overdrew interest, So $300m is the total debt. CTC can’t be included in debt. Spot nickel is strengthening. Costs going up is global phenomenon, at the same commodity price and demand is also up.
Or absolutely Zilch.....
@KRSS, US$418 Million Debt excludes Cost To Complete, it also excludes US$85 Million owing to creditors and also Excludes additional loans from cornerstones and excludes ramp up so give or take US$100 Million someone needs to have US$1.2 Billion, even if someone thought they could shave a bit off the CTC of US$600 Million I reckon it’s still in the region of a Billion +
If Nickel hits all time highs tomorrow then someone might take another look but it’s highly improbable
We’ve all lost here …..
Zero
LuckyLaurie. $1.2B debt? Even company has published $418m, though worth digging wether it includes undrawn facility $131m.
20+ years experience
Field of expertise
Mining project development
Jeremy has significant experience in companies involved in mining exploration. He has worked in South America, Central America and Europe, where he was responsible for grassroots regional metalliferous exploration programmes through to resources definition and mine development. Jeremy has been involved in the formation of a number of publicly listed mineral resource companies and is currently CEO of Horizonte Minerals Plc.
Ex CEO of HZM now chairmand of new company https://zinnwaldlithium.com/about/people/ , Yes he will be ok and then many peoples will lose money on what he promise and never take any responsible ,
Maybe wort a look to get some losses back well oversold Indi good entry price.