GREY:NEVDQ - Post by User
Comment by
cnynmanon Aug 09, 2024 6:23pm
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Post# 36172259
RE:RE:Shareholders
RE:RE:Shareholders Good summation.
Have you or anyone here seen a listing of the 'debts'? Do we know how much $ is to paid to creditors, legal fees, etc before any distribution to share holders? I assume the $60M DIP must also be repaid from sale proceeds.
Remember there are approx 1.43 billion shares outstanding. So by whatever the final sale amount exceeds all debts (if the sale does, in fact, exceed all debts and fees) must be divided by 1.4 billion to arrive at a 'share price' dispersal or value.
My opinion (uninformed) is that all this will be determined by how much interest globally there exist for a marginal deposit. Remember, this has never shown a profit, or robust production.
Will there be a bidding war, or will someone step in and pick up the property for pennies after there are no serious bidders? We've seen figures from $20M to $500m thown about, but until we see some bids, everything is speculation.