Post by
parahyangam on Dec 01, 2022 1:05pm
THE SETTLEMENT IS REMARKABLE!!!
Tell that to POSCO who spent 200 million on Arctos in exchange for a pile multi-dollar valued Fortune shares that will be going to 4 cents soon.
ARCTOS is the world's biggest anthracite deposit of high quality, with 300-400 million already invested in its development if we add in Conoco's 90 million and the BC governmenr infrastructure supports.
In an up market Arctos' total storehouse value could approach a trillion bucks.
Also, 200 million was spent on a NWT road whose only ostensible rationale is NICO. That puts a lot of pressure on the fading budget of the NWT government already heavily subsidized by Ottawa. Tell the NWT government things are going swimmingly.
Tell that to other larger shareholders who have millions in the pot at the multi-dollar share price level going back decades.
Whomever is running this sh*tshow are either idiots or there is another game being played.
Place your bets folks.