GREY:PGDIF - Post by User
Comment by
cudjoon Jan 21, 2016 1:04pm
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Post# 24481028
RE:RE:All done
RE:RE:All doneSeriously doubt they will get the full 7. Almost 10 million rights being offered, zero bids. Retail will bail, and if they pick up all the rights in the floor, which I doubt, the burn rate will require more financing at lower prices. 7 didn't cut it, if the PEA is not delayed it will hardly be sellable as there isn't enough diamond yet. Rights are worthless and this is destined to go lower until into the next round. Once they have data from 44 and other pipes, this still will be a marginal diamond project and no one is going to touch it unless they can prove up another 6 or more.