RE:RE:Private placement announced..
Bottom line with Pelangio is that the current African projects are intrinsically uneconomic in both terms of scope and grade which in this market will not attract the capital needed to develop them much further than where they are now........Pelangio unfortunately is just not investment grade at this point in time and unless a major grade and/or volume increase is discovered over the resources which are in place now, it will sideways to negative for at least the coming 12 to 24 months.......In addition, it appears clearly that Ingrid had taken on more responsibilities at other gold companies which should be a stark reminder to current investors that her focus is elsewhere where she can make more money in the armchair environments.