GREY:NEVDQ - Post by User
Comment by
nofluffon Oct 09, 2022 11:11am
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Post# 35014751
RE:RE:RE:RE:RE:RE:RE:RE:change of control
RE:RE:RE:RE:RE:RE:RE:RE:change of controlI believe the term, "mining the shareholders", is derogetory expression for conning the sh. I think there has been some. One expects that in all business.
Mostly, there has been bigger challenges than expected. Pala kept being the white night with bridge funding. No one could predict how bad covid would b or how bad the war and weather events would b. I think the untrable ground on the se drift was a surprise that stoped quick access to those stopes.
So cash was needed to advance and dilution was the way. They could have shut down and paid debt and just took it private. It is almost private now. The few ma and pops left can go or stay. I have elected to stay as I believe the plan gives value. Not as quick as I though but has allowed me to get my position up and price way down.
I will b looking to add more if and when the control changes.
Happy hoping;))