GREY:PGDIF - Post by User
Post by
Kidlapikon Dec 29, 2015 9:51am
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Post# 24416240
DDC Share buyback
DDC Share buybackThat hedge fund is not pushing DDC to buy up exploration plays, they are pushing for DDC to put a share buy-back policy in place to act as a support for the stock price. That is what they are talking about when they say "missed opporunities", they are a HEDGE FUND they dont want to be exposed to a dangerous exploration play that may take YEARS to get cash flowing/impact share price.
Think about it. They have $300-mil in the bank (roughly) if they DID buy a stake in PGD they would then be on the hook for a % of the development which would be greater than the Jay pipe development costs as well as timeframe.
This whole thing is about share buy-back and has NOTHING to do with buying up a junior explorer at reduced prices.