GREY:NEVDQ - Post by User
Post by
nofluffon Sep 26, 2024 1:07pm
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Post# 36242551
Next question
Next questionTripple flag has been in since the beginning. They did about 3 or 4 stream buys including at least 1 on the open pit.
They could have done a 100 million finance that would have finished ug crusher build, the conveyor build and more pump installations for water issues. The mine could have then run nameplate, and they could have been paid there arears quickly.
Instead, they chose to do a 100 million sales cost on chpt 11 with support of all lenders.
If this deal goes through, Pala exits without loan payback along with all sh.
Under normal conditions, 1rst lienholder would get paid all owed until money gone. In this case German bank. Everyone else nothing.
When pure gold recently shut down there new mine a private corp took over and are developing with agreement to pay arears as they make money on restart in about a year. I believe sh lost all.
So who will be the miner that buys mine from new bidder if deal goes through??
Nf