Anyone still left?20 Aug 2013 12:27
Looks like everyone is sitting tight. Those with the low risk appetite look like they have left leaving those left who all like a gamble.
I do see this as a bit of a red or black call on a roulette wheel. The debt is large and the the window to resolve the production issues is getting smaller and smaller. Whether they will be given this year to resolve them or not I am not sure but one thing for sure is that by this time next yera FML need to have solved all the issues, be running at near capacity and have a clear 5 year plan - South Benkala, Sulphides, Baitimir, debt repayment etc etc.
About time we had an update on financing - think there is a Redkite loan due this month so presume conversations are underway. Also very quiet on the shipping front - presume figures are so poor and not worth shouting about yet
BP