With first coal sales now expected 22 April and the new debt facility expected by 30 April, I suspect there is still quite a bit of risk the facility doesnt get over the line, particularly if they continue to make rookie errors and there are further delays....“subject to due diligence” is a get out of jail free card for Tribeca IMO
no doubt there were many that bought on the back of refinancing, I’m sure those in the know were happy to sell innto the renewed interest
PNL Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held