GREY:PGDIF - Post by User
Post by
oiltaron Dec 22, 2015 8:24am
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Post# 24403977
A rock and a hard place
A rock and a hard placeRecent JK coverage of PGD is just a bit off the markt(at one month old). First PGD did not report partial results or diamond descriptions as he expected they would.And second PGD told WillP they will not report any until its all done.This is clearly a red flag for the seasoned JR investor.The company on Nov 17 reports micro diamond results that suggest upside to the over all grade of CH-7.
Then on Nov 19th does not report partial results but rather a jaw droping finance well below market prices for the second time.Now the market is being kept in the dark as the company has results already but will not make them public.That is taking the confidence out of the project and is resulting in a share price drift to the finacing range of 10 cents.
This lack of a suggested partial results reporting in the Nov financinig "promis"is now off the table it now seems.
This has taken most of the credibility out of the project.Two major walk PGD lowers the 42 cent SP to 10 cents and now will not disclose material information in the very time frames they put out.
I have no other choice but to ask why will they not report what is clearly material information on the CH-7?
If its a great result the it begs the question why did they finance at 10 cents just before the result when a great result would have gaped up the share price to ease the financing pain?
All signals suggest investors must brace for impact and the possibility the CH-7 might not warrant a place in the mine plan.
Somthing is not right here ( but I hope to be wrong).