Noble has big backers and its into a restructure. Go to their web site. I think they just received another $100m from their backers. They are still alive and well and willing to do offtakes. They have all the horsepower they need in China and that’s where this DSO is going. There are any number of smelters that would take everything Symbol can dig out of the ground anyway.
Management have a long history with Noble from previous deals.
Nobles problems came with the GFC, like most other companies. That’s some time ago.
Any small company that can attract debt and offtake is heading in the right direction as Noble is a lot more picky these days. Dyor.
SL1 Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
