OTCQX:PALAF - Post by User
Comment by
inves20on Dec 19, 2015 7:33pm
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Post# 24398600
RE:Buyout
RE:Buyout a buy out is not going to happen, because the Canadian assets are off limits to China, since China has already been allowed another company Canadian uranium assets and Russians own another Canadian uranium miner. The Malawi government would block attempts too, since they would better trust Australians for ethical treatment of workers and environment concerns, look at how the activists already try to make a big stink about water release that was barely perceptable above background radiation last year.
Also the Australian Government may have a thing or two to add that would block a complete company sale. IMHO no way that further selling off of chunks of mines would happen either. The tsunami that hit Japan was almost 5 years ago and since the company could hang on this long then they and their financial backers are looking at the asset value , and not the present cash flow based value.
They are still selling contract uranium so they have enough cash flow to go threw the rough times.