GREY:PGDIF - Post by User
Comment by
justanormalguyon Jul 12, 2017 11:32am
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Post# 26460015
RE:RE:Quiz time
RE:RE:Quiz timeKid, I'm with you on this. Friedlands exercising, "ALL" executive officers and directors participating, AND a backstop. Sprott. Plus the potential for some news from drilling.
In the conference call, it seems PGD had agreed to commercial terms with another party but couldn't get final company approval from that party, they were under a CA so hence the late timing. All good.
In the conference call, PGD stated that many parties did their DD and all agreed that Chidliak is one of the best undeveloped in the WORLD. All good.
So, the executive brass are all in again, and obviously most would know what this soon-to-be-developed mine is worth as PGD's Board would have already agreed to the commericial terms with the party. All good.
Surprisingly, over the 3 days since the funding announcement, volume is much lower that I would have expected. It's just shaking the day-traders and weak and flippers off the big apple tree. All good.
Doubling the resource all for $10 million dollars, dramatic impact on NPV, on an already strong NPV and IRR, and as PGD stated in the call, capex to NPV (very conservative already) ratio of one (and remember that approx $50 mil contingency). All good.
Who cares about the price, as long as the longs have the option to participate. All good.