Normally a restructure with service providers is a good thing. Might mean renegotiating service contracts to lower costs and to extend payment terms. Anything could go on the table here but it seems a positive move. Reeks of desperation but service providers wouldn't want the company to fold so they will be all ears and hopefully cut the company a bit of slack.
I'd say financiers aren't included in any of this as I wouldn't see them as service providers. This move implies the company intends to keep on mining hence they still see themselves as a going concern.
KBL Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held