GREY:PGDIF - Post by User
Post by
schocoron Apr 09, 2015 4:26pm
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Post# 23614039
Catch Up to valuation OR Drill Results?
Catch Up to valuation OR Drill Results?
This stock has been undervalued for a while given the overhang of the warants - not a worry for those of us exercising warrants - but a possible reason for this weeks move up in value. IMHO this is still a VERY undervalued diamond exploariton given the dirt, the management team and technlogy they own.
Another POSSIBLE explinatinon is somerbody getting an early look at the drill cores from the current program. Not sure what one woudl actually be able to see in said drill cores, but let the speculation begin.
One final thought - $11-12M M doesn't go far or last long in this business. They will need more money sooner rather than later and I see NO point at bringing in a major or a jewellery financier at this point (P.S - the jewllers don't have money to finance diamond mines....they want the mines to finance them (cedit))