OTCPK:PGMFF - Post by User
Comment by
MAZZMEXon Jan 06, 2023 2:17pm
100 Views
Post# 35207494
RE:RE:RE:RE:Company was not in compliance with its covenants
RE:RE:RE:RE:Company was not in compliance with its covenantsOf course there is a chance... If they sell above what is owed. With nearly $3B worth of gold in the ground and a ready to go mine operation, If its sell just to cover debts then you know there was some backroom deals.. With price of gold on an uptrend someone can step in any time with some new financing or a take over. If they could extend the procedings just 3-6 months it could bring a much better outcome. Gold up $38 right now today and central banks on a buying spree recently who knows how this could turn but like I said in previous post, time is running out. With current market cap @$14.5 million a buyout by insiders at $.05/share would only represent $37M but would not cost as much since insider already own a sh!tload of shares and they surely loaded way more the last couple months @$.01-.02.