Post by
JoeStockIQ on Sep 07, 2024 6:00pm
Winning Bidder Gets This
A fully permitted mine facing problematic issues with its underground ramp up process. Along with that obviously comes the proven and probables of metals in the ground. Next, think about the time and money it will take the new owner to determine which operational direction they will ultimately take. Now determine the CapEx new owner will incur to get them operational. All this in a forced sale court proceeding. What makes anyone here actually believe new ownership is willing to pay any premium whatsoever? On top of that, no one knows what's happening behind the scenes. The outstanding debt will get paid, nothing more. With 1.4B shares outstanding, best case scenario is a few pennies per share. Even that is doubtful. Dreams are nice but it doesn't help raising other's expectations when they've already been pummeled into submission by the prior owners.