GREY:PGDIF - Post by User
Post by
uLYSESSon Nov 01, 2013 10:36pm
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Post# 21870368
long road ...
long road ...1) Problem no. 1 is that PGD did not, at least to my knowledge to date, discover more CH-6 like pipes, they have, however discovered other pipes that could be economic in the scheme of feed for a CH-6 mill
2) BHP was a) looking for another Ekati and 2) maybe leaving the diamond business
3) Even Kaiser thought PGD had found another Ekati but bad luck surfaced (just like with Colorado Resources recently) and a big hit did not lead to many more big hits ....
4) BHP quits PGD and sells Ekati and exists the diamond business
5) DeBeers was probably not the best partner, given its track history with juniors and jvs etc
6) The Debeers JV should have included a look/see at CH6, IMO ... otherwise, PGD grabbed 7 million and both side basically told each other to f-off
We as shareholders are stuck ...waiting since 2006-2009 .... the Friedland have their money ... where's yours? Common theme on the TSX anymore and thus, the reason for the apathy ....
many many stocks down 50-80% .... no one cares because no one believes ... because nothing happens ....
7) The TSX is filled with bad luck, almost happened stories .... this one still has a chance to sparkle, time will tell
but it is either sunrise or twilight-
ulysess