GREY:GPLDF - Post by User
Comment by
Heywood_Silverson Aug 21, 2023 5:38pm
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Post# 35598758
RE:RE:$30.00
RE:RE:$30.00All that remains is to see who buys out GPL's assets. If it is a cash offer, we might not get much in terms of a payout. It all depends on the timing and the market prices of gold.
I would prefer a buyout for shares, again we might not get much in return, but at least we'd receive something that allows us to recoup our losses over time.
Remember, it wasn't that GPL was asset poor (i. e. a negative net worth), it was because they were facing a cash crunch that forced them into bankruptcy. Any legitimate sale of the company assets will easily net more than what the outstanding liabilities are.
A new owner with deeper pockets and better managment will be able to turn a profit at Tucano in a $2k+ gold environment. Who will step up to the plate??