RE:Basically we have milestones some may missedYou sound convinced the sale process is written in stone.
The bid process must b filed 1rst by majority security holders.
Elliot is 1rst to be paid, so other lenders will want bid high enough to get paid back plus interest.
Pala and Merc are majority lenders as well as a couple others and German folks.
Pala and Merc about a billion shares not counting exorsizeable options and warrants.
Current price guesses on there share costs are in the 50 to 80 cent range. There are years of interest losses on that dead money.
So pala and friends have at minimum 500 million in stock cost.
The 2 entities that were bidding recently got rejected, no doubt because to low.
As the 60 million takes mine to nameplate quickly, there will likely b a bid process filed.
As copper goes up and mill and mine is improving, bids will no doubt improve.
I believe the process is to close in 4 or 5 months from now.
More important than ever, for copper to pop:))
Nf