GREY:PCGLF - Post by User
Post by
rockport1on Apr 05, 2010 4:35pm
441 Views
Post# 16958081
Very responsible financing
Very responsible financingIn my opinion, this is an example of how financings should be done in the resource sector.
.
A) Financing within a few percentage points of the 52 week/all time high;
B) Financing above the current market price;
C) Enough funds raised to fund more than planned work for 2010, especially given the fragility of the markets.
D) Not too many funds raised to minimize dilution, should work this year continue to raise share price;
E) No dilutive warrants. This eliminates the selling pressure from PP participants selling shares to exercise warrants;
F) Flow through share "win" for PP participants.
.
All in all, a very responsible, prudent financing. Management of PKL is very focussed on this project and shareholder value. Thoughts?