Post by
nofluff on Jun 10, 2024 8:24am
Good news
They have moved fast. Already have 60 million commitment to restructure. Randy is gone. Tom will b interm chair while new CEO is found. This only happens with good projects. Chrysler and GNC both did it. Pala must have ran out of money.
Nf
Comment by
metalhead666 on Jun 10, 2024 8:53am
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Comment by
Beezer441 on Jun 10, 2024 11:03am
Who (what) has committed the $60 million DIP financing? Pala? German bank? Other player?
Comment by
nofluff on Jun 10, 2024 11:35am
The update never said. It could even b the gov. As they have money earmarked for critical metals. I doubt that the loan is Pala or merc. as there nominated directors have mostly left the room. There may b more to go yet. The big thing is to get the court approval of the plan and then get the 20 million to keep advancing the mine. Nf
Comment by
patchh on Jun 10, 2024 12:04pm
some of those PAYLA properties may B contaminated w sanctions.. mine sounds like its finished and buff took his golden ring.. he has a few shares. the mine simply needs a GM CEO. buffs career is support - supplies - phusical structural - nuts N bolts. he is not a GM otw skip the fill -->