GREY:PGDIF - Post by User
Post by
Kidlapikon Feb 27, 2014 5:48pm
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Post# 22261131
Future
FuturePeople are talking about future financing and fears of dilution.
I think this is where the decision to do a PP at 0.55 before dilutions shows as a very prudent move by a group of people that understand the market climate.
By adding that money we now have enough money to conduct an exploration season while they determine the best way to finance for the bulk sample: Maybe JV, maybe private, maybe dilution if the markets get better
Either way there is time to way the pros and cons and figure out the best way forward. These are the same guys who got two majors to do all the heavy lifting to minimize dilution to this point. Now they have one of the highest rock value kimberlites ever discovered in Canada. Before they had 100% speculation to bring to the negotiation table.
Comes down to whether you believe in our management or dont and I dont see any bad decisions to date.