Post by
oiltar on Nov 19, 2016 2:27pm
My bet is
Its DDC who sees PGD as a platform for growth.PGD is on recoed now to be open to a JV and DDC is on record wanting a new project.Can any one here besides me connect the dots?
DDC is coming to Chidliak or my 25 yrs of M&A observations was a waste of time.Well other than the dozen take overs I speculated on that did in fact happen that I took positions in them before my speculation turned into fact..
If DDC enters Chidliak the share price of PGD will double from todays price.DDC hired a CFO M&A guy in Sept.Therefore DDC had lots of time to do DD on PGD.I expect we will no very soon about a deal.The take away from Tom is PGD has attracted serious interest and is open to a deal.The last time I spoke to Tom he said "the ink is not even dry on the PEA but we think it will open doors for us".The Nov 7 quote is clear it has now opened the door and some one walked through that open door.My first bet is DDC,but I do not rule out Debeers as Debeers has a habit of walking away only to return.But I favor its DDC due to the fact that they will have to close down Diavik in 3 yrs unless they truck the DO-27 10 to I washed ore to the plant.
Toms statement has a new tone we are in talks.He has alerated PGD shareholders to expect some kind of news soon.
Comment by
griefman on Nov 19, 2016 7:52pm
I've never actually have seen the JK letter to subscribers to dump PGD...does,anyone have it?
Comment by
northmark on Nov 19, 2016 9:23pm
To be clear on this point, at no time has JK recommended that subscribers sell thier PGD holdings. He has maintained his rating on the stock due to the fact that "the fundimentals at chidliak have not changed".
Comment by
griefman on Nov 19, 2016 10:34pm
Like I said, I've never seen anything on this in black and white?