With a NFG Spinout, Pali becomes much much bigger
Such a spin out would add considerable value to Pali, as it holds 48 m NFG shares.
Once again, a transformational move for Pali market cap and its investment model too.
Parker's Joint actors are very pleased hence their accelerated buying of larger and larger chunks of Pali shares
CK and Family own 20 million shares of Pali.
ES owns both MAE and NFG so he benefits.
In fact, all holders of NFG, MAE and PALI shares will be big winners with this single move to acquire Maritine for its mills and near term production, while using its TSX listing as the Spinco listing.
In one fell swoop , Queenie delivers its latent value in a wide runway of its asset monetizations...
AIMHO