GREY:PSLRF - Post by User
Comment by
roscoe74on Apr 30, 2014 12:49pm
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Post# 22507977
RE:GMP has been a consisten buyer, and rarely are they wrong
RE:GMP has been a consisten buyer, and rarely are they wrongMaybe GMP is considering buying new equity issue. At a price that is very good for them and highly dilutive for shareholders.
PXL requires capital to repair the balance sheet but especially for capex of $1.3mm to connect to ng to eliminate propane use. At a $3 to 4 reduction in operating costs, payback will occur in 5to7 months.
It looks like this news is already discounted in the sp and PXL's experienced management team will find a way to work though the production concerns and enhance shareholder value.