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Bidding process for NAL appears to have closed. The...

  1. niu
    1,638 Posts.
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    Bidding process for NAL appears to have closed.
    The administrator of NAL, Raymond Chabot, has notified the company that the bidding process for NAL has been extended to April 6, in order to allow for revised bids. Such bids will remain open to acceptance through to April 28.

    It will be interesting to see if it is sold cheaply. There is no shortage of interest from bargain hunting juniors but they seem to have limited capacity to take it
    Evolution Metals
    SRG Mining
    Sayona
    I am sure there will be other bids from undisclosed parties with deeper pockets. I doubt that ORE will be amongst them - they will have had their hands full putting the merger together.

    Who will get it? Will it be third time lucky for this unhappy project?


 
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