Post by
Iceberg101 on Sep 19, 2024 4:10pm
Deadline over
Looks like today was the last day to submit a competing bid. Looks like a non-event. So not much hope for bagholders except to hope mine does not get turned over. Best guess is Pala is a family company and got in over their heads. The water was a killer. Also just being underground does not sound so great. Finally, looks like there was a lot of burden on top of the futuristic open pit. If anybody was interested looks like they had ample opportunity to make their bid. Also looks like both Pala and Mercuria take a bath. Don't imagine some Deus ex Machina, but you never know. Just hope it never closes.
Comment by
nofluff on Sep 19, 2024 5:09pm
Sorry iceberg. You r dead wrong. There is no deadline on deal. Today was simply the dead line for court to approve sh deal. Estimate is that d Al could but might not b done mid Oct. Nf