Post by
lumpy13 on Sep 10, 2019 4:22pm
Why the stock went up today
Because many shareholders know the delay in the meeting was because they don't have the votes and there is bigger upside in holding on to the Voisey Bay stream and the physical cobalt. Being left with Ramu/Nickel 28 has limited upside.
Of course, we get screwed again if the vote is negative and Cobalt 27 remains as Pala receives a $15m termination fee.
Why Canadian authorties are turning a blind eye to this self serving, abusive deal reflects badly on Canada (sad to say).
Comment by
AlohaSteve on Sep 10, 2019 4:39pm
The Termination Fee is only payable where the arrangement is terminated for a superior offer – in the event the transaction is voted down by shareholders, the Termination Fee is not payable.
Comment by
lumpy13 on Sep 17, 2019 5:07pm
Sorry, I didn't see your post previously. Where was this stated as I didn't read it anywherre? thanks!