So Pala is selling down --Yeah , or great , either way ?????
Just my two Bobs worth ,as a long term and significant holder .
Oldest trick in the book --who is buying on Pala's behalf??
Friends of Pala --whilst Avoca (Pala ) absorbs the Dioro deal !
And in the end , who gives a FATS RATS , if Pala wants to sell at a loss!
Acorn has a blocking stake , so your investment has a core holder "protection"----Corporately ,the initial defence mechanism is in place .
Speculation as to why 15 mill goes on the bid , then disappears --just games , seen them all before >
Where's my focus then *****
*Quarterly Report until end of March --my interest , as we have had three diamond rigs at Maxwells underground , what have we got on the long life mine plan .
* we have diamond drilling results at Majestic due , and maybe some more RC .
* we have a 30th April update due on construction .
* CC due to present at an RUI Conference in Sydney early May .
PALA 's ill timed , ill executed foray into Dioro has eventually got them the prize , but at what costt to them ..Plenty !
Integra was , is , remains part of the Avoca merger / acquisition strategy ---and their strategy will be to muddy the waters , in case someone else has a corporate dip meantime .
CC 's best answer remains the drill bit --Pala can stuff around all they like , but a kick in reserves and / or a new verified Discovery ( Majestic or elsewhere ) will either make Pala re-think , play harder or sell out .
Good riddance, Pala --you wanted a gold mining house in Avoca in Australia , and you are going to have to play plenty for some decent reserves .
Just my view
cheers
- Forums
- ASX - By Stock
- IGR
- quarterly (1) drilling (2) pala ( distant 3rd)
quarterly (1) drilling (2) pala ( distant 3rd)
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IGR (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online