GREY:GPLDF - Post by User
Comment by
Heywood_Silverson Feb 03, 2023 5:41pm
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Post# 35266114
RE:RE:FYI selling shares
RE:RE:FYI selling sharesYes, I'm keeping my shares. I'm hearing some banter (unsubstantiated at this point) that one of the majors will end up taking out GPL.
Now, if you perform some basic financial analysis, using most recently released financials, you will see that we have around $1.70 per share in Net Book Value. The bankruptcy administrator will attempt to sell GPL's assets for the highest amount possible. What do assets fetch in bankruptcy? Well, it should be at least 20 to 25 cents on the dollar I would think. If we are bought out for cash, I would suspect at least 35 to 50 cents a share or so.
I would prefer that a major swap out shares so that we are not exposed to eating the paper losses and that the Panther can live on in an alternate form under the guidance of a major. Speaking of which, there are plenty of them out there that could right the ship and would love to snap up gold assets on the cheap. Look for something to happen later in the year.....