GREY:LRTNF - Post by User
Comment by
UptickHedgeon Jan 08, 2023 3:28pm
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Post# 35209873
RE:RE:RE:RE:RE:Sprott Confirmation on asset sales etc.
RE:RE:RE:RE:RE:Sprott Confirmation on asset sales etc. Contacting ksv is good advice.
PGM would certainly need to be get north of 200m before common shareholders started to get even a whiff of anything - not sure how you got to 280 exactly? But regardless the overall question is...
If you're one of these insiders and you have a multi billion dollar asset in distress, the worst thing you can do is sell it distressed. All parties will lose - even Sprott lending loses future interest not to mention risk not getting 100 cents on dollar. Now maybe they'll have to or face liquidation. But if we all think like a buyer would, you know any buyer is going to lowball the heck out of this then wipe it clean and re-IPO. I personally don't think an outright sale would yield anything to common shareholders at this stage. There are alternative. But maybe no appetite.