GREY:NMKEF - Post by User
Comment by
Smokeramaon Feb 11, 2019 6:41pm
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Post# 29349910
RE:At what price
RE:At what priceAny companies looking to own this asset may strategally wait for a possible insolvency to buy the assets at pennies on the dollar.
The insiders have all made their money. If the commodity price continues to drop, then it is not their fault and their hands are clean as fiduciaries. An insolvency could be a cleaner exit then an acquisition at .40 or .50 cents.
This isn't so much about the company anymore. It is about supply, demand, commodity prices, availability of capital, lack of gov interest in subsidizing EV vehicles, struggling emerging markets, etc.