Post by
hawkman1969 on Aug 28, 2019 12:52pm
If nickle28 was worth $2.18
Why doesn't Pala just pay 5.75 in cash for the entire company? Answer- cause they don't want the crappy assets that make up nickle28. They know those assets are worthless.
Comment by
abrahaminc on Aug 28, 2019 1:28pm
Honestly, the Ramu asset is worth about 40% more than what we paid for it today. All the assets together would be worth more than the $5.75, probably close to $7:00. Also, Pala is really bullish on Cobalt and they are a Personal Equity firm with unlimited time horizons. Thanks.