GREY:NEVDQ - Post by User
Comment by
westcoast1000on Oct 19, 2021 1:45pm
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Post# 34023456
RE:NGU- NCU not ready for sale!
RE:NGU- NCU not ready for sale!Rock,
I say all this with respect to you, who seems to be a good guy.
I have been dismayed by your constant line that Pala is a bad actor and that they should sell. I don't think you know much more than the rest of us about the situation with Pala. They designed and commissioned the building of the OG mine at 3.25 copper prices in order to make something out of a out of favour asset. There may have been mistakes along the way, but who knows who bears the blame, and I do not know why it matters now. I do not think any of us know enough to criticize Pala as the owner. In any case, they own half the company so we are in bed with them no matter what happens.
I feel they are intending to own the company for the long run, for the same reasons any of us would own it on those terms. That is where the money is.
So you may hold the view they should sell, but I have no idea whether that would serve your interests and I do not see how it owns mine. My interests are in holding a huge amount of a new copper that is going to print tonnes of money. I thank them for creating the situaton where I can buy that.