GREY:NEVDQ - Post by User
Comment by
JoeStockIQon Dec 03, 2021 3:47pm
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Post# 34196517
RE:RE:Mrmomo: you might. MIGHT be right?
RE:RE:Mrmomo: you might. MIGHT be right?RoyKerr wrote: as an exercise, lets look at the upside. This is just a narrative look, no math.
There is a new ceo, balance sheet is fine, wont have another PP for a while, fans will be in place within the month, market has taken a huge dump today because of Jerome and Omicron, NCU has a terrible rep which has pushed the price down...it is possible .50-.55 is rock bottom as the only thing it would take to get the train rolling would be a few bits of postive news.
otoh, pala may be sabotaging this for some unknown reason and the two other companies that bought in last month are incompetent.
in all honesty, if you do not believe pala is borderline criminal, maybe putting some high risk funds at theis point might be a good idea.
disclosure, i took a flyer on 20k shares today as I do think we have a super depressed price here. but, pala has burned many before me, so i am ok with a 50% loss.
Wait a second here, you think the balance sheet is fine? What about the fact that the only thing being mined now is peanuts whilst they burn through $10M per month with the dyke issue still unresolved? $60M of cash burn from now until June with what income from mining operations to stem the tide? What happens in May when they need more money? What press release has management put forth in the last two months that eases your mind as to the balance sheet?