Post by
northmark on Dec 12, 2015 5:37pm
I wonder
could the royalty held by BHP be hampering PGD management concerning prompt and frequent news releases? Are they purposely dragging their feet? If the court settlement does not favour PGD then any increase in Chidliak value plays into the hands of BHP.
Just a thought.
Comment by
justanormalguy on Dec 12, 2015 8:37pm
Yep, good thought and speculative. Maybe also the reason for the extra funds PGD is raising through the rights offering and the quicker then needed rights issuing. I always want to believe there are rational reasons for the BODs doing certain things that impact long term shareholders, that is until they prove to be selfish and incompetent. Not the case here, not yet anyways.
Comment by
mill44 on Dec 12, 2015 9:59pm
I don't think that where PGD is trading is a factor in that case. The question before the court is if what BHP did can be considered a sale. If it's a yes, it means that PGD can buy it for the same amount. The SP, the reserve, diamond prices, all of that is irrelevant because BHP set a price, even if just for accounting purposes.
Comment by
ekim on Dec 12, 2015 11:36pm
Raising money to pay and settle with BHP is very relevant...if they are already in negotations for x sum. LONG...PGD EKIM