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I hope they will knock on Victor day who drove this so called...

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667 Posts.

91

23/08/24

12:33

Post #: 75341826
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Originally posted by Cpago55: ↑

Two options.

DOCA succeeds and other party buys assets at a price. My guess is lafranchie or IGO at firesale prices to cover creditors only ( not shareholders)

or DOCA fails with no takers and proceed to liquidation. Assets can thenbe bought at a first and final bid or left to rot into mining history.

both end up with shares cancelled and a tax write off for shareholders.

Cannot see any other options for shareholders.

did expect an asset status by now covering assets and liabilities so we have some idea of cents in dollar return but nothing as yet.

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I hope they will knock on Victor day who drove this so called huge opportunity into the abyss but i guess he will get out un-scarred and continue doing some exploratory work for the NZ gold mine he joined. For sure please do not invest in that one ;-)

PAN Price at posting: 3.5¢ Sentiment: Sell Disclosure: Not Held
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