GREY:PGDIF - Post by User
Comment by
schocoron Jul 06, 2016 7:34pm
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Post# 25029690
RE:PEA
RE:PEAI was a fan of the first rights offering - even the second. But I have to be honest - I am getting a little burnt out on them and I hope that they find another way to raise the modest amount of $15M. On the back of a positive PEA they approach a streaming/royalty company like Storm or Franco Nevada to get the money for more drilling next year. Franco Nevada would then likely get a percentage of all diamond ever recovered from Chidiak in perpetuity but to me this is acceptable at this time. I don't think any lenders will loan money to an explorco but this might be an option - but this is what streaming/royalty companies are in business to do. Alternatively, we could get big wheel Olitar to phone the Russians at Alarosa or the South Africans at DeBeers and tell them to look at buying Peregrine diamonds. I mean he owns 1.5M shares so...