OTCQX:PALAF - Post by User
Post by
inves20on Mar 15, 2017 2:14pm
482 Views
Post# 25983477
1condor
1condorWhy would you value the other mine that can be started up tomorrow and the michelin property in canada as worthless?
seems to me the market when it went down to 6 cents was pricing in the possible exercise option.
The likely outcome will be that cnnc will have to follow thru on 49 % as their only true legal option.
Sure they can try in Singapore arbitration for the whole mine, but others will argue against it protecting themselves from piracy.
This may be the way that cnnc wanted it to play out so they could drag out paying for something until the very last possible second. The state must look out for it's tax payers that own cnnc. So why not put off paying for a year or more for a non-controlling interest in a mine that will supply your nukes for decades ?