RE: RE: RE: hrg is toast..........................
Problem with the theory is RGI has PLG shares held within the financing package against cost over runs. HRG in breach with RGI covenents and any work out may be contingent on Taparko mine getting operating at planned production. I personally don't think any of these shares have hit the market and probably won't unless realization of security ensues. It is also not clear if RGI can liquidate these shares in favor of debt repayment. It is stated in the agreement, HRG can't sell to pay RGI loan. Hopefully this does not become the decision of the courts. I also don't believe they will have any issue selling the shares to a single purchaser at premium to market should that occur.
GLTA and what's up with .60? I think buyout offer for PLG coming soon once things have stabilized. PLG takeout likely to involve concurrent release of strategic investment in DGC so that the proponent doesn't drive DGC price up without being part of the ride.
Just watch, as long as the purchaser is positioned with DGC, I'll bet the gains in stock price run up will totally mitigate PDX purchase price. They will get 44% of DGC for almost nothing IMO.