RE: Double bitter23 Sep 2019 00:25
KOH,
Perfectly plausible scenario, however if I was CF, I would seek an incremental financial deal, ie we find a sponsor for the high risk items like the shafts and tunnel completion first has as already been aired. The Shaft sponsors are then leaseholders for X years and we pay them an annual rent, ie, forget about trying to find ALL the finance ie, $2.50Bn dollars up front.
I would like to think, that if we can remove the high risk items, then we can move on incrementally, and banks for example as in the first ever financing proposal before JPM might be interested again if they can see that the overall risk' is slowly being eroded.
Done in a piecemeal fashion adds time to the equation, time therefore presents an opportunity, because who knows what the bond market or other sources might offer a year from now?
The main issue is to survive is it not? and if we can last 12 months that then presents an opportunity to last another 12 months.