GREY:NMKEF - Post by User
Post by
Charleneon Jan 14, 2020 11:34am
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Post# 30551082
Lapresse Article
Lapresse Article I am surprised how people are reacting to this. Fitzgibbon represents the government interest, which is to get the mine running - which would create jobs, taxes, etc. Let's not overreact to his opinions. His comments are mostly consistent with what know before. He is confirming PG' interest as well as other interest from institutional buyers. The stock will not trade for some time (I think another 5-6 months). No one can predict the value of the stock once it trades. Sounds like he prefers it not to trade (only new info).
We still have to wait for the restructuring. There are a lot of unknowns. Most importantly, the outcome of the Feb Bond hearing. Any positives statements about shareholder value can be used by the Nordic bond trustee against NMX. So, it is best not to annouce terms of equity financing before then.