Comment by
bigkagan on Oct 22, 2020 2:07pm
hey Check, you know who the creditors are? If there is some big player among them he could do the same job on Pallinghurst that it did on NMX and refuse to approve the arrangement, and then he could buy the mine himself. It's a dog-eat-dog out there
Comment by
bigkagan on Oct 22, 2020 3:22pm
the only big player left who could be pissed off is Softbank who stands to lose tens of millions $$ in shares when they go to zero, maybe it could work through some creditor to reject the deal
Comment by
bigkagan on Oct 22, 2020 7:16pm
you don't catch my drift - I mean if the deal is rejected the mine will be available to anybody who wants to buy it and Softbank could buy it with all the shareholders included for 25 cents per share or so which is only $200 mil.. The Li deposit is worth billions and you get it for almost free