Peregrine Diamonds Ltd. PGDIF

RE:RE:RE:RE:RE:RE:RE:light is shining

[ekim]

Kodi, the How is more of the physical transfer of funds.

I would probably suspect that PGD has already arranged a net30 or net60 or more preferably a net90 day policy with the contractors involved in the work.

Then within that 90 days of receiving an invoice from the contractor...PGD would either write a physical cheque to send in the mail to the companies involved...or do a bank transfer of some sort. Either direct etransfer or even a bankwire.

I think that is mostly the 'how'.

I took Alberto's question not completely literal in my answer..but when technicalities count...there you have it.

Taking this to the next level...PGD could do a net 90 policy, start the programme in March and not actually get access or raise funding until toward the end of May.

That would be called 90 days of negative working capital.

LONG...PGD

EKIM