Junk bond melt down. Since debt holders have first call on assets over equity holders unless they really get the cash-flow going it's good night Irene by august / September. Any takers for windimurra 4 ? if the CMB circuit doesn't work the project doesn't work - Xstrata never sorted out the CMB, and never achieved magnetite recoveries. Nothing's changed.
It'd be nice to know when they knew the "iron ore" was unsaleable.
Junk bond melt down. Since debt holders have first call on...
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