Closure Looms7 Apr 2022 19:25
Todays Civil case announced sgsinst PUR by an alleged deceived investor might be AngloGold Ashanti. PUR cannot afford to defend any such action by a large investor who could gobble them up for breakfast. If so, the plaintiff will probably agree to offset the claim by taking the mine into private ownership at a knock down price and cease trading of PUR shares. This would be followed by compulsory purchase of the remaining shares at a price based on PUR's new net worth as assessed by an independant analyst. Possibly a fall of around 50% which may or may not already have neen discounted by the Market. So at best, our shares will be worth no more than at present. I suspect this will move pretty rapidly in which time the Canadian SX, who will already have received a complaint, may well take action against any perceived miscreant Directors