I <3 these strange dichotomies Here's a different perspective on this ownership increase in 2024:
Pala holding as of December 2023: 821,535,366
April 1, 2024 - May 17, 2024: Increase of 10,013,991 shares
10,013,991 / 821,535,366 = 1.2% increase in holding
Last reported holding as of May 17, 2024: 831,549,357
Mercuria holding as of December 2023: 236,377,964
April 1, 2024 - May 17, 2024: Increase of 10,013,991 shares
10,013,991 / 236,377,964 = 4.2% increase in holding
Last reported holding as of May 17, 2024: 246,391,955
April 1, 2024 (Exclusivity period lapses for discussions with third party re. change of control or financing)
April 22, 2024 (Press release: In the absence of securing sufficient funding from existing stakeholders and/or third parties in the near term, the Company will not be able to continue carrying on business and may need to take steps to seek creditor protection.)
Meanwhile Pala and Mercuria, the two largest shareholders who know more than anyone about what's going on, are increasing their holding in Nevada Copper...