FAKE or NON-FAKE You to decide and ?!
1.4 - Escobal mine encouraging news: The Contingent Value Right (CVR) trading under PAASF has gained traction lately
Patience is required here for shareholders who own the contingent value right ("CVR"), trading under PAASF in the OTC. The stock closed at $0.83.
On March 31, 2022, we learned from Bnamericas:
Guatemalan authorities expect to complete a court-ordered consultation at Pan American Silver's Escobal mine within months, paving the way for a restart at the suspended operation. Following the successful conclusion of a similar consultation with indigenous communities at Solway Investment Group's Fnix nickel mine earlier this year, the energy and mines ministry (MEM) expects to conclude four further processes this year, including at Escobal, where the consultation is advancing satisfactorily, minister Alberto Pimentel was quoted as saying by government newsletter Central American Diary.
Assuming that what has been written above is true, the Escobal mine could finally restart in 2023 or earlier. It will take about a year or two, but adding some PAASF below $0.79 may be a good opportunity, but you must tame your optimism. A lot can still go wrong.