Post by
rockhound3 on May 06, 2022 1:45pm
Bog: the fact that PALA doesn’t mention
The ownership of NCU is an indicator that they don't want their failure to develop to be known!
However intodays world of internet and knowledge transfer I suspect that the smell, the negative goodwill of how PALA. doesn't have a clue has spread far and wide in the mining community.
Vlad is in his mid 60's his only son ( short time chairman of the NCU board) is not really interested and thus we would expect to see the company- PALA liquidated BUT the RUSSIANS are stubborn ( just look at the other VLAD ( who suffers from "SHORTMANS SYNDROME")
Is there any indication who is buying the stock?
We can expect to see attempts by PALA to extract cash from NCU however the IRS and CRA are watching!!
Question when will Tom and Ernie bail!!
Certainly NCU won't win any awards for good communications!!!
The Moral
Dont buy a used car from Vlad
Dont trust PALA or any RUSSIAN!
Rock
Comment by
bogfit on May 06, 2022 3:00pm
Like I said, it's not up to Pala, but rather to fate. They won’t keep this embarrassment much longer unless to prevent really nasty stuff being revealed during DD by an acquirer. Then it becomes an albatross around their necks and justice is served. b.