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
IGR Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held