GREY:PGDIF - Post by User
Post by
cudjoon Feb 09, 2018 2:16pm
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Post# 27535101
2.2 mil working cap
2.2 mil working capleft as of a couple of days ago, enough for thier current burn rate for about a year, but not enough to take them through any kind of work program to advance to or through a "pre" FS.
According to the MD&A, still talking to interested parties, but current market conditions are making it "difficult" to meet managements terms. Page 17 "Due to continuing negative conditions in the capital markets, opportunities to generate financing with acceptable terms for Peregrine at this time are limited. The Company actively maintains discussions with a number of groups to finance future work programs, while these discussions have provided encouragement, there is no assurance that they will come to fruition. The scale of future programs will be modified accordingly and at all times will ensure that security of property tenure is a priority."
Can you say rights offering? I knew you could. Good Luck