GREY:NEVDQ - Post by User
Comment by
Paramounton Aug 18, 2024 5:44am
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Post# 36184697
RE:Paramount
RE:ParamountI have been invested in this operation since 2021.Took a gamble ,with the positive long term outlook for copper that this mine and land package would be successful.
It has been failure after failure for more reasons than i care to recount.
My current thoughts on where this is going is based on this troubled history as well as info from the current court doc's.The low SH bid is an indication of the interest in this distressed asset.
In hindsight i feel this may have been Pala's goal all along . Take it private as cheaply as possible and it seems chapt. 11 may be the route to get there
This company ,from the little news that retail investors get, could probably have been sold prior to this bakruptcy but i believe that unless a large entity came in and dumped 1.5-2 billion in Pala's lap ,they had no intention of letting go.
Anyway, this is only my opinion and as they say "opinions are like a!! holes,everybody has one".
I would like nothing better than to be proven wrong and anything is possible but looking how this is shaking out ,i am not optimistic.