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
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So Pala is selling down --Yeah , or great , either way ?????Just...
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