GREY:PGDIF - Post by User
Comment by
xDeBeerson Aug 20, 2013 4:08am
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Post# 21682722
RE:quarterlies - information
RE:quarterlies - informationThis is just genius. De Beers has to pay for the 508 tonne bulk sample processing that PGD initiated. PGD are ready to pull the trigger the second De Beers is in or out, since they have already optimised the DMS plant. PGD management is really doing all they can to get this news to the market ASAP. This would be a good defence against any undervalued takover also.
I guess they would like to get this news to us sooner, but the "no free look" strategy and the fact someone else is paying for it, means that they should keep their millions and not dilute the PGD stock price further. The quality of PGD management continues to amaze me. Heck they survived the GFC and pulling out of BHP. What an effort. [applause].