TSXV:NORA.H - Post by User
Comment by
Ihateshareson Apr 09, 2012 1:37pm
![](https://assets.stockhouse.com/kentico-cms/0342-00/images/Sprite.svg#id_Post_Views_Icon)
284 Views
Post# 19772137
RE: From the article
RE: From the article LP is a significant resourse one which has yet to be fully defined, due to PAAS's neglect of the project. PAAS needed ounces immediately, hence the Minefinders deal. What is obvious is that PAAS simply cannot afford to buy another mine at this point in time, they need the money in the bank for Navidad and a share deal would have sent their sp to even lower lows with dilution. The PEA was an effort to minimise any potential offer but with gold and siver coming off the boil and PAAS' share price at a low, they just had to let it go.
The only plausible reason for leaving this action so late in the day, was to wait for the Minefinders deal to close.
LP will be sold, of course it will. Fresnillo will buy it, just watch.