New Found Gold Corp V.NFG

question about palisades

[shiftyone]

I was reading through the NFG releases, many on the list are put out by palisades.  pali.

The releases say that they own 25% of NFG.  But stockhouse shows their market cap at only $87 million.  So that seems like the obvious way to own NFG.

But, you can save me some time here.  Why the difference in value?  Is the share count for PALI way off on stockhouse?  Or do they have a ton of debt?

I'll look closer, but maybe someone can answer those questions easily and quickly for me.

Thanks.

[Dixiedee]

pallisade is trading at a discount most likely due to the law suit that claims they had prior knowledge that newfound gold drilling was going to be so spectacular it puts  roughly 23 million shares in question until this gets settled it doesn't effect newfound gold just pallisade They may or may not end up paying some money in this law suit 

[Global1966]

CK also said the potential capital gains tax when PALI does sell is also a factor. PALI's buy in price was a lot lower than Sprott's

[JRafflesUK]

As noted, the legal case has an impact on Pallisades, but this also has a lesser, but also adverse impact on NFG since the NFG board of directors (with knowledge of the drilling prospects) approved the share transfer, though NFG did not benefit. Setting the above aside, if NFG's property were to be sold at a high price, the funds would be under direct control of NFG shareholders. In contrast,

[Dixiedee]

The case will most likely be settled out of court but who knows it may go to court .Pallisade holds approx. 23 million of its shares that are in question here .Did they know what the drill results would be before the purchase proably not .Did they expect the results would be good of course they did are esle they wouldn't, of bought them out .If they would of came up short thier wouldn't of