RE: Hope30 Jul 2020 20:35
Sandy - any rise without finance will not be sustainable. It will be sold into and will be vast crew's or trader paradise.. :) When the placing hangs over without the finance sorted, cannot see it rise. Also with mercury off-take deal, will we get cash back from sale to mercuria or will the tranche 1 loan be deducted - do you know? Thanks!
Fantasy: I agree a bit but not entirely. Even without re-finance, a re-rate can occur; but there needs to be enough buying pressure to out-buy any selling by Atlas, in their monthly slices of 10%. So, a JORC that underpins a BPPM valuation at over $100m, evidence of sales with revenue well clear of $1m per month, a diamond JV - these are all things that could make Atlas look very small even without refinance.
But I agree that re-finance would probably help a lot with perception.