GREY:NEVDQ - Post by User
Comment by
KentWilkenson Sep 19, 2024 1:09pm
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Post# 36231347
RE:RE:RE:well
RE:RE:RE:well"So in short, there is no play here, there is no manipulation. Granted, communication was bad and perhaps some cover up. But Pala genuinely thought they could fix it. Now they run out of money and they want to move on. That's it. No one bid, not because it is owned by Russians! No one bid because BHP and the likes focus on tier 1 assets. AND NCU IS NOT. Well located but terrible asset (low grade open pit included). "
Overall well put. Mining is risk.
That no one cares about resource or feasability studies was poorly stated. Understanding what they are is the key to investing, you are right that they are not the holy grail, but no one was saying they were.
A terrible asset, also poorly stated.
People have a right to question when things go south, and they should, it is how they learn, but dumping on them for asking the difficult questions, is a bit arrogant. Most know total loss is always an option, which doesnt make it easier when it happens.
End of the day, with the structured bidding process, and none that outbid the sh, that is the real value of the property at this point in time.
KW