GREY:PGDIF - Post by User
Comment by
oiltaron Mar 04, 2017 2:33pm
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Post# 25932123
RE:off-topic, NXG, PGD mgmt
RE:off-topic, NXG, PGD mgmtThe no free look back fired big time and Debeers simply would not invest $58 million with out some kind of an idea of the quality and value of Chidliak.They were already smarting in the wallet trying to keep Snap floating with water gushing in faster than the Titanic.Snap never producing a profit gave Debeers a lesson in falling in love with a deposit too early until it could be fully understood.
When Debeers left I suspect because of the "no free" look The shares were 80 cents.When Debeers walked away so did the free carry to FS.
It is now my conclusion PGD can not finance this mine to production with out a major producer gaining control.Until such time PGD is going no were.
There is no question Chidliak is likely one of the best quality diamond discoveries in Canada.But at 20 cents its a no go.Some one needs to step up with deep pockets.So I think PGD is still worth an invesment and buying shares with a long term view is still a good idea.BUT this project needs a major soon.