Is it possible for SGR to be listed with the venture exchange again?
Do they even want to?
Financing with a 14% loan to keep the lights on, that is falling on the sword, unless you have cash flow to sort out payments. That would mean that they have to be profitable. I don't see it, not after years of mismanagment.
I can see the mine being put on care and maintenance until the economics improve and a sale of the mine can occur. DB holders will not see much of a return, maybe 5% or less. Share holders will be screwed. (Just guessing at this point)
I hope that there is a recovery in the POG like some think there will be. It is the QE that has thrown all of the 'usual' metrics out the window, so I would not be so confident in a change in the POG any time soon.