GREY:PGDIF - Post by User
Comment by
greex27on Oct 30, 2015 1:56pm
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Post# 24244313
RE:RE:A couple of new recent articles
RE:RE:A couple of new recent articlesMill, The market has decided that the resource is too small and CH-7 may help change that sentiment but the story is old and the market won't return until we've increased the size of the resource to a level that the market understands to be the right size. Oiltar is reading the tea leaves and see's 71 Kim's, high grade Diamonds and he just can't understand why others can't see it and I agree however it isn't about a small investor getting the story, it's about guys with deep pockets getting the story...and they get it. DeBeers, DDC, etc...all know where we're at (and not because of Oiltar...sorry fella), they've been in constant contact with PGD and there's a price for speculation and there's a price for certainty. PGD must feel like they have the resource and are prepared to prove it out and maximize the value of the asset. If they didn't think they had it they would have been much less aggressive with DeBeers and much more open to a JV or a price that reflects that it's a hope and pray asset. These guys are here to make a buck but they are looking well beyond what the SP is on Tuesday or whether or not the market gets it. They know what they have and they know who they need to move the story forward and it isn't me...or you, or even Oiltar. Good Luck!