Loan is on the table, has no one learned ? This process can take months to resolve properly.
Everyone Assumes it will be done in a week or two weeks.
Ill say at least a month to two months min.
Price is going to until then. It will hit .001 maybe even lower.
Everyone keeps saying its hit bottom it's hit bottom then it goes lower that is a straight gambling mentality.
If this takes two months, with the mine shut down it will go down just like it has previously.
The loan is still there and will be in limbo till chapter 11 is resolved .
What you shareholders should do is some DD on the due process of a chapter 11. Figure out the REALISTIC time frame for it to be resolved I've been told can take up to 6 months .
How anyone came to the conclusion that it was going to be a week or two is beyond my understanding, ill beat they haven't even opened the book about it yet in the courthouse not have the lawyers even communicated yet.
Hopefully it is resolved sooner, but my gut tells me 1 month-2months min to finalize the CH 11 only. That won't count the processing and paper work of AL company restarting the loan process and doing its DD.
Ill be very surprised if it finalizes before dec.
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