IMHO not sure if PEK can get Ngualla up with the current SP.
And why would a CI stump up cash now when the can probably just wait for the company to go down the gurgler and pick it up for next to nothing.
PEK did too much damage earlier on by handing off too much upside to SIs etc at the expense of the SP and retail holders.
And guess what, those retail holders now WONT be there when you really need them.
Leaving aside the negativity, what sort of deal do people think is possible?
80% debt leaving about $80M to be funded by PEK?
Single CI would equal an instant takeover, but cant see any singe company stumping up that amount of cash.
Maybe a group of "CI" investors, with say 20-40M coming from existing/new smaller holders.
Or maybe just give a two fingered salute to all the vultures and go into hibernation/basic exploration mode (gold/copper) until the REE market sorts itself out and Moly/LYC go belly up.
I do hope management and the fat cats aren't averaging down ready for a $20-30M buyout. Will see what happens with the raising.
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