RE:RE:NCU futureIf I remember right it is a lot more ownership than 50% (currently Pala has about 39%) to do that.
Looked it up a while back but if they were to try and force a buy out of minority holders I think it was more like 80% otherwise they open the company to competative bids and could end up losing the whole shebang.
If anyone is a corporate merger / aquisitions lawyer then please let us know.
I think an external lerge mining co. would have to offer $1.25 to $1.50 pps to have a chance of taking the whole thing over.
Is it being "sand-bagged" to get a bigger piece of Pumpkin Pie... yes, that is one possible (though risky) possibility on part of Pala directors....ie) hire CEO's that are willing to build the mine yet have it done in a way such as to create disruptions to commercial production and 'disappointment' on part of retail investors.
I still think it is more of a bad luck set of circumstances but as a speculator I have to assign a small risk discount to the possibility of mendacity and malfeasance being at play here.
N.
metalhead666 wrote: Maybe that's been the plan all along? Make some progress, orchestrate some set backs, get retail to dump and then swoop in and take the whole thing private?