GREY:PGDIF - Post by User
Comment by
mill44on Jul 15, 2016 6:59pm
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Post# 25057767
RE:RE:RE:RE:Reality
RE:RE:RE:RE:Reality
I think that the fate of the project has been determined for a while now. The SP is not, not even when the mine is done. People are talking about a short term setback because of rights and such, but we have to establish a reference if we want to talk about timeframes. Short in trading usually means less than 3-6 months. I would consider medium under a year probably. Over that is long term, I would say.
More rights will tip the balance towards self funding. The more work that's been done at Chidliak, the less mistery remains. I would assume that the price of a JV or a sale would go up with every step taken there, reducing the chances of a deal. I would suggest that whoever wants to participate in a new rights offering to calculate their share of the funds needed to build a mine or sooner or later they will face dilution.
Long or short term investor, it does not matter, we have to see the fundamentals taking over. For that we need management to show leadership. It is not ok for investors to feel that they don't matter, no matter how small they are. The next step should be a PP if they cannot get a deal. Being fair to everyone led to nothing, show that it's time to get greedy. Pay a premium for a bigger piece of the pie and maybe the market will start to show greed as well, instead of fear.