Post by
shiftyone on Mar 24, 2024 10:02pm
I'll try to begin the discussion.
How do people feel about the latest release?
Do you feel optimistic that they will be able to sell it for a decent price? Can they get $100 million... which will translate to a share price in the low .30's after debt is paid? If so, it is a strong buy.
Will there be nobody interested in paying a lot for the company when if they let it go it will be sold as scrap by nebari?
Will the company get a partner, who is willing to look after the debt. Then put $200 million in equity so that they can finance the rest of moving this project forward?
They said in a recent podcast or youtube video, a couple of months ago, that they were trying to do something to deal with the Narobi debt facility. I can only assume that was not successful.
So, can they get a bit of money through pp to keep operating, no matter how low the price?
Or will they just run out of money and can't go on.
My guess is that someone will buy them for more than the debt. But I don't want to guess as to how much the shareholders are going to get. It could be 2 cents, and it could be 33 cents.
No one seems to want to talk about it.
Comment by
Rogg47 on Mar 25, 2024 10:58am
Never a good sign whet a company goes publicy to annouce that they are for sale......... I'm more concern with my investment that I was before that NR, not looking good....