You are absolutely right Shades2. They will not be selling this $3M package of PLS shares. They had a cash option if they so chose. With our good cash position it is likely that these shares may be worth $6M before NLI need to draw on them. This further reinforces the financial position of the company.
Can anyone point to another small explorer with the cashed up potential of NLI?
Good to see LTH picking off a few bargains to top up their portfolios over recent weeks. Limbo is not such a bad place to be when you know that CR is not around the next corner. Courts open next month and NLI will still have $$$$ in the bank.
GLTAH
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You are absolutely right Shades2. They will not be selling this...
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