Key here20 Feb 2026 11:10
...is how much it's going to cost PYX to get their subsidiary out of this mess if they don't have the funds themselves... Looking at US$2m as an absolute minimum for the government claim, and in a foreign jurisdiction PYX are over a barrel with this, having had their mining equipment seized. The likelihood of them needing to raise money is high, especially with the increased royalty costs they are facing. How would they do this at favourable rates in a scenario where they have a considerable lack of control? Mandiri and Tisma are 'loss making' from what I can see and there's nothing publicly disclosed about their current cash balances. Unfavorable regulatory jurisdictions are a massive burden to a company, as seen with MATD in the past (I know PYX are in a much more sought after sector than them tho' currently). Or do we think Trump is going to bail them out? AIMHO and not meant as a deramp...GLA