Doomsday? January 8, 2019...

[KingKongFong]

Ignore the incendiary title, but really......any speculations on what happens January 8th, 2019, when all these bridge finance loans mature and Nautilus very obviously can not pay them back? Remember, their main tangible assets are the equipment....

[GGGGG]

"any speculations on what happens January 8th, 2019, when all these bridge finance loans " My guess is they will issue new debt, possibly automatically under contract, to pay off the old debt/interest payments. The problem now is that the amount of copper ore that needs to be mined to retire a US dollar of debt is much higher than it was. If that persists the debt will be unplayable. And that is not even discussing the cost of fuel. My argument as to why the principles do not need to screw the small shareholders is that the debt might not be repayable. So all they have to do is operate the company reasonably honorably and they will get more and more of the company without a buyout, bankruptcy, tender or whatever is feared.