RE:RE:RE:Pallinghurst - Traxys JV unlikely to upset the localsplease remember
NMX is Halted at the moment and will be delisted.
NMX is INSOLVENT and under CCAA protection.
No investment company will invest in a company that is under CCAA, always they will stay on sidelines and wait for liquidation.
NMX even if it wants to trade again, it has to trade on different platform after delisting...
If NMX was to trade on another platform, it will be dump time...SP will probably start trading at 0.005...and even then not enough buyers...
No PL will pay 0.25 and noone will put the other 0.15
but lets assume PL puts in 600 mill at 0.25 (sorry I can't even assume that) it means 2.4 billion shares and then 450 mill at 0.15 = 3 billion shares...
total 5.4 + already 1 = 6.4 billion shares.... it will never make any money...
questions:
do you think PL will be happy to get less shares that the retail for more money?
either way you try to twist it, does not have a happy ending or a solution.
NMX is DEAD.
mick1888 wrote: Well there you go TeddyB, you've just sold me a GREAT compromise - $600m @ 0.25 and $450m @ 0.15. And the retail get offered to participate at 0.15 - brilliant.... ;-)
GLTA longs
TeddyBear wrote: 25 cents is assuming bonds remain in place, if bonds due to be obtained through equity need C$600M of PG + C$450M, just that means more offer at 15 cents.