Post by
RoyKerr on Jun 06, 2024 10:08am
No More Pala Funding, No More Mine
Pala directors leaving means Pala leaving. Pala leaving means no more financing. Question is whether the UG is unminable, and therefore if all the investments were a waste. If a waste, book value is ~200M, and I am guessing there is at least 200M in useless ug mining assets, so company worth zero to SH. If not unminable, then book value is 200M, with discount SH may see 50-100M, so 3-7 cents per share. May put in a stink bid at .5 cents today and roll the dice.
Comment by
patchh on Jun 06, 2024 11:13am
that water has ben a probblem... hav to wait until a new grouup comes in - buy N there.. morgan sold out 3 M shares... ???