GREY:PGDIF - Post by User
Post by
Durkastanon Nov 01, 2010 8:25am
610 Views
Post# 17638447
PP oversubscribed
PP oversubscribedTotal placement increased by 800,000 units, for a total of 4.8m units at $2.50, bringing in $12m.
Yet another bullish indicator - institutional interest is high. No one really likes dilution, but we are going to need a large sum of cash in the bank in order to finance the 2011 program, which will be more expensive than any previous year. If ya gotta finance, best it's done near the 52-week highs, imo. :)
It's officially November. There has never been a more exciting time to be a PGD shareholder.