RE:RE:RE:PALA BankruptcyYes, Pala needed sp to come down to get there average investment down. By the time the exorcized all there warrants and convertables, they will own over 90% @ about 0.25 cad. So the down helped them and any other confident investor lower average big time.
Likely no one is in as cheap as Dc jones.
The creditors of the corp have agreed to keep deferring payments as the mine value keeps going up with development. Bills r all paid.
So bankruptcy will not happen. Pala is in it to sell metal, so they do not care to much about sp.
They can loan cash on high interest or do a placement. They made a mistake on there low placements as world financiers shorted mines to the bottom. So they just loaned cash to be converted in future at super low price while ensuring ownership of most of the pH.
Hoping 4 some good news. As mentioned, 4 or 5 dollar copper should have them at cash positive now.
Happy guessing:))
Nf