GREY:PGDIF - Post by User
Comment by
greex27on May 12, 2016 4:10pm
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Post# 24867630
RE:It would be nice
RE:It would be niceIf we have to raise money within the existing shareholder base to keep ourselves in a position where we can keep our posture, then by all means. I get that dilution is an issue but so is running aground and/or having to do a marginal deal because we painted ourselves in a corner. But here's where we differ from others...the insider ownership is very strong, they will not do a marginal deal for the sake of their own investment and if it means we need to raise additional funds to continue to tread water...so be it. I don't see any movement until PGD shows the market how it intends to proceed to the mine either with a suitor or a financing mechanism. As EKIM noted before the PEA is more about understanding the costs than modeling the revenue so it may be that understanding the costs is the last piece of the puzzle for a suitor or to search out debt. I expect no movement until a suitor joins the story or PGD explains how it will finance the story. If we need to raise money...so be it. It's hard to be on the outside looking in but I'm certain the path is clear for PGD...they just can't speak to their desired path or intentions.