Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

RE:RE:RE:RE:RE:RE:RE:RE: A gush effect into GOLD, PGM load up a move to .05 cents

[Sherry35]

I'm not disputing the other outcomes listed by you. Perhaps one approach eluded by you is to buy the company out at 5 cents on the share. That equates to $37.5M which comes with positives and negatives. The purchaser would take over the ~$120M debt from 0% to 100% depending on negotiations.  That's a big risk with the creditors still filing a loss. If you were purchasing PGM, would you take 5 cents on the share route or place a bid for the assets (buried Au, mill)?

In February 2001, the Cisco executives were walking through the Nortel Carling site investigating the possibility of buying out Nortel. I saw them walk through Lab 5 around 6 PM. The combined pension deficits in Canada and USA was close to $3B US. They passed on buying Nortel based on the pension deficits and union factories. On Jan 21, 2009, Nortel files for CCAA and everything sold at auction. The pension deficits got partially downloaded onto the provincial and state pension insurance vehicles. Thank you for paying your taxes. ;) The remainder paid out of the Nortel estate based on FILED CLAIMS. Nortel Canadian pensioners walked away with 87 cents on the dollar. Not bad considering the IP sold for $4.3B US at auction.