Nordic Mining ASA: First cargo of rutile is delayed, and tap issue of existing bond
Bad news from the mine’s production. Rutile production volumes will continue to be low due to problems well into next year. So more money is needed.
The only good points in the news are that they will receive expert assistance from Iwatani and Barton Group, and with this new financing, the financial situation is secured for a while.
The stock price will probably be down tomorrow. I am now taking a wait-and-see approach and will wait until the ramp-up is complete before making further purchases. The last time, after the court case, I reduced my position to a minimum.